We need a break from Capitalism.

For a whole historic period after World War II, US capitalism was the strongest in the world and could afford to concede rising living standards.

We've seen the weakest economic recovery since World War II, and massive levels of inequality and debt.

A permanent and sustainable solution to all the problems facing working people is possible by taking the biggest companies into democratic ownership, and reorganizing the economy on a democratically planned basis. Under such a system we could democratically decide how to allocate resources. We could rapidly transition away from fossil fuels, develop massive jobs programs to rebuild the country's rotting infrastructure, and begin to build a whole new world based on meeting the needs of the majority, not the profits of a few.

There is a myth that the New Deal programs on their own pulled the US out of the Great Depression and created the conditions for the economic boom after World War II. As an economist, I can tell you, that is not true. In reality, it was mainly World War II that launched the boom - the massive war mobilization, the horrifying destruction and death caused by it, and then the reconstruction in its aftermath. he US was the only advanced capitalist country that was not bombed during the war.

Today, we live in a world of incredible wealth and technology, alongside the most horrendous conditions of poverty, war and environmental crisis. This is result of capitalism, a system based on prioritizing profits not human need where the wealth is concentrated in the hands of a capitalist elite.

Bernie Sanders talks about socialism in Scandinavia, and he's correct to point to the huge victories the working class has won there through struggle, such as socialized medicine, free college education, and paid family leave. But if you talk to working people in Sweden or Norway today, you will find out that many of those past gains have been eroded and some virtually eliminated, including massive under-funding of healthcare and other public services and a return to for-profit systems that are unaffordable to working class people.