Prof. Wolff, what is your stance/thoughts on the matter of Co-op degeneration?

Of the limited writing on Worker Co-ops I've been able to find, much of it is a discussion on the matter of a Co-op degeneracy theory in which worker owned enterprises are said to often devolve into a kind of pseudo-capitalistic hierarchy as a result of external business pressures and internal conflicting or corrupting incentives. My question is simply: what do you think? What are your thoughts on the matter? Do you think it's a legitimate concern? And if you do think it has legs to stand on, what are your thoughts on possibly resolving it?

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