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.

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.

What Bernie Sanders is calling for is incredibly important. Things like a $15/hour minimum wage, single-payer healthcare, taxing the rich, and free education. The radical reforms he has popularized are a key part of any socialist program today.

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

Today, capitalism faces a deep structural crisis.

We have a rotting infrastructure that is literally poisoning children in Flint, Newark and elsewhere.

On the basis of capitalism, victories like raising the minimum wage are only temporary.