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.

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.

When the New Deal programs were passed in the mid 1930s, millions of workers were joining unions, striking, and occupying factories to fight for a better life. It was this radical labor movement that forced the establishment to make concessions.

Capitalism is based on ruthless exploitation and competition, and leads inevitably to the development of mega monopolies.

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.

Today, capitalism faces a deep structural crisis.

This is what happens under capitalism - as long as corporations and the super rich own the economy and the politicians, every new generation has to fight hard just to defend itself.