Yeah nah.
Public companies - I’d agree 100% - pretty clear evidence to private companies never to go down that route
Private companies though .. that’s where groups of aligned people can share risks and rewards .. and it’s a key aspect of societal innovation and progress .. like insurance
The corruption of companies and insurance - largely by financial markets - is something in looking forward to watch change
Nick Szabo has written on this from an historical perspective - see:
unenumerated.blogspot.com