Although no one can provide a blueprint in advance of what such a society would look like, we can say that this form of social ownership and democracy would mean the beginning of the end of the class division of society, and indeed of the social division of labor. The working class having taken power will proceed to radically transform the way the economy and society is run.
Socialism is democratic or it is nothing.
Once the modern economy, industry, science, and technology, is in the hands of all members of society, we will be able to achieve full employment and shorter working hours - giving us the time as well as the resources we need to really begin to realize our talents. This would be entirely possible once we have done away with the anarchy of private ownership and the profit motive. The reduction of the working day, and an increase in the productivity of society are the prerequisites for the disappearance of the class division of society, and for the birth of socialism. It would be, as Marx put it, a society where everyone contributes according to their abilities and receives according to their needs. Such a society is no utopia but the only alternative to a slow and painful descent into barbarism.