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.

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

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

Socialism is a fundamentally different social system where the world's resources are not controlled by a greedy, undemocratic oligarchy. This is not the same as the capitalist welfare states that have existed in some European countries.

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.

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.