The paper deals with historical prerequisites and basic elements of the Swedish elite compromise as it emerged in Sweden in time of the advancement and culmination of mass production in this country between the 1930s and 1960s. A special vision of the future, namely the society of “the people’s home” formulated by the Swedish social democrats in the 1930s, is under focus. The paper takes up briefly reforms introduced in subsequent decades, which transformed Sweden into one of the most affluent and economically developed nations in the world in the second half of the 20th century. It analyses the role played for the compromise by the main elite groups, including the business elites, leaders of political parties, employer organisations and trade unions, as well as by intellectual elite. The paper discusses which lessons of the Swedish experience can be of relevance for contemporary Russia. It suggests that a transition to a more justice and affluent open-access society does not necessarily entail increase in social mobility in this society, as this has been the case in Sweden