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

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.

Whether or not you agree with Bernie Sanders' version of socialism, it is enormously significant that, for the first time in US history, a presidential candidates who calls himself a socialist has had an actual shot at winning the presidential election. And to his credit, he has not backed down from the label.

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.

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

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

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