At present we do rely on shareholders in different parts of society to fund new ventures -- most of us are here on HN because we worked at a VC-funded startup. Shareholders should get paid out. But workers have a stake in a company, the community has a stake in a company, and society at large has some small stake in a company. We shouldn't select shareholders as the main voting party in the operations of a company when the impacts of company operations are so much wider.
For good examples of companies whose impact was much larger than the shareholders, see also: DuPont/Chemours with PFAS, the manufacturers of CFCs, oil companies, etc.