Efficiency of capitalism?

Richard Wolff writes:

Less inequality among and within societies and increased efficiency that benefits everyone with less work and more or different output: these goals require confronting the capitalist system. The particular capitalist way of organizing how goods and services get produced and distributed and who makes the key decisions is the problem. What, how and where to produce and how to use the profits are those key decisions. To serve most people, those decisions must be made by most people. To do that requires converting capitalist into co-operative enterprises where workers become their own collective board of directors. Workers self-directed enterprises would be far less likely to relocate production, far less likely to distribute profits among workers in extremely unequal ways, and far less likely to install technologies with negative impacts on the environment in which they, their families, and their communities live. Democratizing the economy in this way can yield the kinds of economic and social results that capitalism has long promised – but increasingly fails to deliver. 

Indeed. Some more thoughts on this topic.