It’s time to start planning for victory.

In a recent article, Mio Tastas Viktorsson and I revisited the Meidner Plan — the famed framework in 1970s Sweden that called for a percentage of each company’s profits to be funneled into socially owned “wage-earner funds,” thereby transferring ownership of capital to the public at large. We argued that a revised version of the plan could help attack wealth inequality today.

In subsequent discussions with friends and colleagues, three main questions arose. First, how did such an ambitious plan become imaginable in Sweden? Second, how can we reach such a point today? And finally, how can we ensure that any similar effort in the future can succeed?