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Bernie Sanders says that the biggest banks that dominate the economy should be broken up into smaller banks. This would be far more radical than Hillary Clinton's proposals to regulate Wall Street.

Kshama Sawant

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Kshama Sawant
Age: 51
Born: 1973
Born: October 15
Activist
Economist
Politician
Software Engineer
Poona
Wall
Smaller
Says
Hillary
Proposals
Economy
Radical
Bernie
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Biggest
Sanders
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Regulate
Clinton
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Streets
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The for-profit health insurance industry is the main obstacle to delivering high quality, universal healthcare for all. It should be replaced with a single-payer system, a public program that guarantees everyone coverage.
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For a whole historic period after World War II, US capitalism was the strongest in the world and could afford to concede rising living standards.
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The programs that came to be known as the New Deal were not simply handed down by the benevolence of FDR and the Democrats. They were fought for. And in the 1960s, it was the similar. You had incredible movements against Jim Crow, poverty and the Vietnam War in the 1960s.
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Like the healthcare industry, the banks should be taken out of the hands of the 1% and brought under democratic public ownership.
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Capitalism is based on ruthless exploitation and competition, and leads inevitably to the development of mega monopolies.
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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.
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Big business has many tools to make us pay for the crisis of their system.
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The workers should take over the factories, and shut down Boeing's profit-making machine.
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While we still live in a capitalist society, we of course will fight for whatever reforms help make life better for working people.
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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.
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Today, capitalism faces a deep structural crisis.
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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.
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Bernie Sanders has shown that socialism is no longer the barrier that it used to be during the Cold War.
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It's not just an economic crisis that capitalism has created. We also face an environmental catastrophe created by a handful of gigantic fossil fuel corporations.
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