[3] Meidner was an economist and the developer of the employee funds plan proposed by the Swedish Trade Union Confederation in the 1970s.

In response to the increasing demand on the part of workers, communities and women for a share of the excess profits (permitted by a capital-labor-state wage suppression agreement) accumulated in an increasingly powerful capitalist sector, Meidner created a proposal in 1976, published by the LO, that called for requiring all companies above a certain size to issue new stock shares to workers so that within twenty years the workers would control 52 per cent of the companies they worked in.

This policy followed in Meidner's career-long efforts to build a step-wise, peaceful, institutionally supported transition to a socialist society, whose carefully crafted incentive structure and culture would allow each member of society to work and contribute according to her or his capacity and receive social support according to her or his needs.

[5] Supported by important Swedish policy designer Walter Korpi, Meidner's work was opposed by pro-capitalist Social Democrats, including the aggressively conservative Finance Minister Kjell-Olof Feldt as well as Gösta Rehn (proponent of active labour market policies) and Olof Palme.

For the time being, the progressive taxation and pro-middle class state institutions promoted by the model extensively ameliorate this capital concentration as can be seen in comparatively successful, egalitarian outcomes.