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I don't think that works unless it is dissolved and the shares distributed when the initial investment is recouped (with reasonable interest). And that value would have to be reasonable and fixed at the outset.
Otherwise, the capital class seems to have the same motivation to grow that value at all costs in perpetuity the same way they do today. Taken to a cynical conclusion, your suggestion reminds me of the situation with red lobster (and local hospitals, etc) where VC buys the company, sells the assets (to themselves at grossly undervalued rates presumably to payoff debts owed by the company), and leases them back.
If the labor class doesn't have the ownership stake in the capital investment (including any IP), it seems to violate the very basic principles presented.