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.

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.

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.

Like the healthcare industry, the banks should be taken out of the hands of the 1% and brought under democratic public ownership.

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

The programs that came to be known as the New Deal were not simply handed down by the benevolence of FDR and the Democrats. They were fought for. And in the 1960s, it was the similar. You had incredible movements against Jim Crow, poverty and the Vietnam War in the 1960s.

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.