[wesselbindt]

Yes it is. Rather than being beholden to shareholders who seek profit, the company becomes beholden to voters (which is mostly comprised of the proletariat), and hence steers toward societal goods rather than maximizing profit. It's why public health care is preferable to private.

Is it perfect and pure ownership of capital by the workers? No. But it most definitely is a step in that direction, and it was taken back by force almost immediately. The reason I bring it up is as a historical example of the incremental approach not working.