In a socialist society the means of producing wealth would be transferred from the hands of an unelected elite, concerned only with making a profit, to the democratic control of ordinary working people.
Society could then be planned to meet the needs of the majority, not just a privileged few, and the basis laid for eliminating poverty, inequality, violence, oppression and environmental destruc¬tion.
Already existing technology and wealth could be used for the benefit of the whole of society, in an environmentally sustainable way, and new wealth and resources generated by eliminating the duplication and waste which exist under capitalism, and through rational planning.
Despite the trappings of democracy, under capitalism real decision-making about most of the main issues which affect our lives resides ultimately with the small minority who have economic and social control.
Socialism, based on democratic public ownership of the main businesses and financial institutions, would enable working-class people to have genuine control over every aspect of their lives.
Through democratically-elected committees in the workplaces and communities it would be possible to participate in the running of society at every level…