I'm glad I'm not the only one who feels this way. Your workplace is the government that you're made to obey most of the time, and unless you have a lot of leverage your position is very similar to a Medieval serf.
One benefit that I feel may happen, is to generate better buy-in for management decisions if the workers feel they have a hand in making said decisions. They might also care more about the health of their company, rather than maximizing the value they reap.
As I've said in another reply, make sure to checkout Ricardo Semler's TedTalk. An awesome example. I won't post a link because everythings is blocked here, next week I'm back at a much more democratic company I've worked before, pretty satisfied.
One benefit that I feel may happen, is to generate better buy-in for management decisions if the workers feel they have a hand in making said decisions. They might also care more about the health of their company, rather than maximizing the value they reap.