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.

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.

There are limits to reforming a system that is dominated by these massive and rapacious corporations.

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.

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 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.

The workers should take over the factories, and shut down Boeing's profit-making machine.