In the 1970s, the Swedish labor movement developed a plan to gradually socialize ownership. What can we learn from it today?

Peter Gowan and Mio Tastas Viktorsson in Jacobin:

Confronting the power of capital in the United States will require a plan.

We may be confident that the concentration of capital in the hands of a tiny minority represents both the primary obstacle to economic equality and one of the most fundamental threats to democracy in America, but without a concrete agenda capable of securing control over capital for the people, we will never succeed in overcoming these problems.

The potential benefits of public control over the 30 percent of the national income which flows to capital are immense: a society which can provide a level of comfort, security, and freedom currently unknown by most, a massive reduction in racial and gender wealth gaps, and a healthier democracy.

As such, the question of how to secure control of capital for the people must be engaged seriously, honestly, and by drawing upon the lessons of others who have tried to do so before.

More here.