If this generation doesn't value or have any faith in the traditional employee/employer relationship, then are new YC companies (founded by people this age) finding ways to create a new employee relationship structure which represents this feeling?
It's like a job, but with fewer false promises and expectations.
Life is a bit different than ideals, and this may not come to pass, but it's a goal.
http://www.conservapedia.com/Twentieth_Century_Motor_Company
Whatever you might think of Conservapedia (I have no opinion; I'm not Conservative, and don't frequent the site), their content for this article was a better description than I found in the rest of Google's first page of results.
there are also a lot of successful, democratically run business places
I'm not aware of any. Can you cite examples?
Obviously, this is not comprehensive.