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.

Big Oil, Wall Street and big business as a whole - they stand in the way of the kinds of change needed. They are fiercely against the radical reforms Bernie Sanders is popularizing.

Bernie Sanders says that the biggest banks that dominate the economy should be broken up into smaller banks. This would be far more radical than Hillary Clinton's proposals to regulate Wall Street.

To break the power of the big corporations, we would propose that the biggest 500 corporations that dominate the rigged economy and political system should be taken into public ownership, and run democratically.

While we still live in a capitalist society, we of course will fight for whatever reforms help make life better for working people.

The underlying issue is the system of capitalism itself, and under this system the best means for regulating or checking their power is not relying on a government which represents the interests of the rich but for millions of working people to become politically active in workplaces and communities through building unions and our own political party.

Socialism is a society where the resources are used democratically to provide a better life for all, based on ending the dictatorship of big business over the economy and politics.