Cooperatives don’t have to pay owners nor a management layer. Workers also shouldn’t slack. These advantages should overcome the benefits of exploitation.
Ussr won space race and lost the microchip race. The availability of cad systems created a big advantage.
Capitalism is not inherently self destructive. Exponential growth is only needed if all investors should succeed. That’s not necessary.
Capitalism will thrive when times get tough because the majority will choose to compete instead of cooperate. Cooperatives could create space for those who want to cooperate.