"As Nobel Prize Winner Joseph Stiglitz puts it, “The American economy is a failed economy,” he said. “We have to once again rewrite the rules of the economy for the 21st century.” That means breaking up the big banks, cracking down on perverse CEO pay policies, lifting the floor under workers, reviving worker rights to organize, reviving antitrust enforcement to go after monopolies, cleaning out our politics. It requires a large-scale investment in rebuilding our decrepit infrastructure, providing world-class education to our children, leading the green industrial revolution. It requires balanced trade policies that curb the hemorrhaging of good jobs. It requires comprehensive immigration reform that brings millions out of the exploitation of the shadow economy.

The U.S. is rich enough to insure everyone has a basic right to health care, to a living wage, to family and parental leave, to public education from pre-k through college. But we can’t get there without taking on the perverse levels of inequality we now see, and without fixing the rules that have been rigged to benefit the few.

Stiglitz says, “Bernie Sanders is right about that.” It will take an agenda as ambitious as Sanders – the ideas scorned as “pie in the sky” by Hillary Clinton – to make this economy work for working people once more. The current presidential campaign has opened that argument. What’s clear is we won’t see our way out of this hole without the political revolution necessary for that argument to rule."

COPIED & PASTED FROM THIS SOURCE: March Jobs Report: Moving Up, With No Way Out