No, 'Te He,' a critical part of capitalism is that workers are paid a wage and alienated from their tools, the means of production, and someone other than them takes the profit.

Here they own their tools and workshops, and wage-labor is abolished. For income, they take a portion of the value they produce, while the rest goes to improving and maintaining their tools.

You got the self-managed part right, but the rest is a 'successor system', something new under the sun, and a transition to something even better.

Variations on it are being deployed in Mondragon, Spain, Italy, Venezuela, Vietnam, China and Argentina.

And as its succeeds, it works against the joblessness and misery that compels workers to leave their homelands.