Runaway Inequality

Author : Les Leopold
ISBN : 0692436308
Genre : Business & Economics
File Size : 64.65 MB
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Runaway inequality is now America’s most critical economic fact of life. In 1970, the ratio of pay between the top 100 CEOs and the average worker was 45 to 1. Today it is a shocking 829 to one! During that time a new economic philosophy set in that cut taxes, deregulated finance, and trimmed social spending. Those policies set in motion a process that greatly expanded the power of financial interests to accelerate inequality. But how exactly does that happen? Using easy-to-understand charts and graphs, Runaway Inequality explains the process by which corporation after corporation falls victim to systematic wealth extraction by banks, private equity firms, and hedge funds. It reveals how financial strip-mining puts enormous downward pressure on jobs, wages, benefits, and working conditions, while boosting the incomes of financial elites. But Runaway Inequality does more than make sense of our economic plight. It also shows why virtually all the key issues that we face—from climate change to the exploding prison population—are intimately connected to rising economic inequality. Most importantly, Runaway Inequality calls upon us to build a common movement to tackle the sources of increasing income and wealth inequality. As the author makes clear, the problem will not cure itself. It will take enormous energy and dedication to bring economic justice and fairness back to American society. The book is divided into four parts: Part I: What is the fundamental cause of runaway economic inequality? What has made our economy less fair and left most of us less secure? Part II: How does the United States really compare with other major developed countries? How do we stack up on quality of life, health, and well-being? Part III: What does economic inequality have to do with so many of the critical issues we face, including taxes, debt, education, criminal justice, racism, climate change, foreign trade, and war? Part IV: What concrete steps can we take to begin building a fair and just society? From the book: “There is nothing in the economic universe that will automatically rescue us from runaway inequality. There is no pendulum, no invisible political force that ‘naturally’ will swing back towards economic fairness. Either we wage a large-scale battle for economic, social, and environmental justice, or we will witness the continued deterioration of the world we inhabit. The arc of capitalism does not bend towards justice. We must bend it.”
Category: Business & Economics

The Man Who Hated Work And Loved Labor

Author : Les Leopold
ISBN : 1603580719
Genre : Biography & Autobiography
File Size : 76.34 MB
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A CIA-connected labor union, an assassination attempt, a mysterious car crash, listening devices, and stolen documents--everything you'd expect from the latest thriller. Yet, this was the reality of Tony Mazzocchi, the Rachel Carson of the U.S. workplace; a dynamic labor leader whose legacy lives on in today's workplaces and ongoing alliances between labor activists and environmentalists, and those who believe in the promise of America. In The Man Who Hated Work and Loved Labor: The Life and Times of Tony Mazzocchi, author and labor expert Les Leopold recounts the life of the late Oil, Chemical, and Atomic Workers Union leader. Mazzocchi's struggle to address the unconscionable toxic exposure of tens of thousands of workers led to the passage of the Occupational Safety and Health Act and included work alongside nuclear whistleblower Karen Silkwood. His noble, high-profile efforts forever changed working conditions in American industry--and made him enemy number one to a powerful few. As early as the 1950s, when the term "environment" was nowhere on the political radar, Mazzocchi learned about nuclear fallout and began integrating environmental concerns into his critique of capitalism and his union work. An early believer in global warming, he believed that the struggle of capital against nature was the irreconcilable contradiction that would force systemic change. Mazzocchi's story of non-stop activism parallels the rise and fall of industrial unionism. From his roots in a pro-FDR, immigrant family in Bensonhurst, Brooklyn, through McCarthyism, the Sixties, and the surge of the environmental movement, Mazzocchi took on Corporate America, the labor establishment and a complacent Democratic Party. This profound biography should be required reading for those who believe in taking risks and making the world a better place. While Mazzocchi's story is so full of peril and deception that it seems almost a work of fiction, Leopold proves that the most provocative and lasting stories in life are those of real people.
Category: Biography & Autobiography

How To Make A Million Dollars An Hour

Author : Les Leopold
ISBN : 9781118438114
Genre : Political Science
File Size : 46.41 MB
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How hedge funds make money by taking it from the rest of us—and how you can join them! Top hedge fund managers make more than Oprah, Rupert Murdoch, and A-Rod combined—but they aren't running news and entertainment empires or playing baseball for the New York Yankees. Aren't you curious about how these hedge fund dudes make so much doing who knows what? You may even wonder if you can get there, too. After all, this is America! This book gives you the answers in a twelve-step guide to accumulating vast riches the way hedge fund managers do—by playing trillion-dollar poker with a marked deck. Through each easy step, you'll learn the sleight of hand and disregard for basic morality you'll need to move from making tens of dollars an hour to millions an hour! Along the way, you'll also question whether these hedge fund moguls make markets work better—as they and their apologists insist—or cause instability, siphon off capital, and destroy value without adding so much as a single widget to the economy. Takes a fascinating tour of the wild side of fantasy finance to explain just how hedge fund managers make so much money—and whether or not the million-an-hour crowd produces anything positive for society and the economy Teaches you hedge fund secrets that make it possible to pull down astounding sums in the space of minutes—from rigging your bets to milking millions in special tax breaks—if you're willing to bankrupt your morality for the cash Counters many of the most common arguments about why speculating in financial markets is somehow "worth more" than creating entertainment, electronics, or consumer goods that consumers want Written by Les Leopold, the popular AlterNet writer and author of The Looting of America
Category: Political Science

Capacity Building

Author : Deborah Eade
ISBN : 0855983663
Genre : Social Science
File Size : 20.49 MB
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This book considers specific and practical ways in which NGO's can contribute to enabling people to build on the capacities they already possess. It reviews the types of social organisation with which NGO's might consider working and the provision of training in a variety of relevant skills and activities.
Category: Social Science

A People S Guide To Los Angeles

Author : Laura Pulido
ISBN : 9780520953345
Genre : Social Science
File Size : 36.68 MB
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A People’s Guide to Los Angeles offers an assortment of eye-opening alternatives to L.A.’s usual tourist destinations. It documents 115 little-known sites in the City of Angels where struggles related to race, class, gender, and sexuality have occurred. They introduce us to people and events usually ignored by mainstream media and, in the process, create a fresh history of Los Angeles. Roughly dividing the city into six regions—North Los Angeles, the Eastside and San Gabriel Valley, South Los Angeles, Long Beach and the Harbor, the Westside, and the San Fernando Valley—this illuminating guide shows how power operates in the shaping of places, and how it remains embedded in the landscape.
Category: Social Science

Born On Third Base

Author : Chuck Collins
ISBN : 9781603586832
Genre : Business & Economics
File Size : 65.48 MB
Format : PDF
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As inequality grabs headlines, steals the show in presidential debates, and drives deep divides between the haves and have nots in America, class war brews. On one side, the wealthy wield power and advantage, wittingly or not, to keep the system operating in their favor--all while retreating into enclaves that separate them further and further from the poor and working class. On the other side, those who find it increasingly difficult to keep up or get ahead lash out--waging a rhetorical war against the rich and letting anger and resentment, however justifiable, keep us from seeing new potential solutions. But can we suspend both class wars long enough to consider a new way forward? Is it really good for anyone that most of society's wealth is pooling at the very top of the wealth ladder? Does anyone, including the one percent, really want to live in a society plagued by economic apartheid? It is time to think differently, says longtime inequality expert and activist Chuck Collins. Born into the one percent, Collins gave away his inheritance at 26 and spent the next three decades mobilizing against inequality. He uses his perspective from both sides of the divide to deliver a new narrative. Collins calls for a ceasefire and invites the wealthy to come back home, investing themselves and their wealth in struggling communities. And he asks the non-wealthy to build alliances with the one percent and others at the top of the wealth ladder. Stories told along the way explore the roots of advantage, show how taxpayers subsidize the wealthy, and reveal how charity, used incorrectly, can actually reinforce extreme inequality. Readers meet pioneers who are crossing the divide to work together in new ways, including residents in the author's own Boston-area neighborhood who have launched some of the most interesting community transition efforts in the nation. In the end, Collins's national and local solutions not only challenge inequality but also respond to climate change and offer an unexpected, fresh take on one of our most intransigent problems.
Category: Business & Economics

There Shall Be No Needy

Author : Jill Jacobs
ISBN : 9781580233941
Genre : Political Science
File Size : 36.42 MB
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A leading voice in the social justice arena confronts the most pressing issues of twenty-first-century America and makes a powerful argument for participation in the American public square from a deeply Jewish perspective, creating a dialogue between traditional texts and current realities.
Category: Political Science

The Broken Ladder

Author : Keith Payne
ISBN : 9780698409378
Genre : Social Science
File Size : 24.27 MB
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A timely examination by a leading scientist of the physical, psychological, and moral effects of inequality. Today’s inequality is on a scale that none of us has seen in our lifetimes, yet this disparity between rich and poor has ramifications that extend far beyond mere financial means. In The Broken Ladder psychologist Keith Payne examines how inequality divides us not just economically, but has profound consequences for how we think, how our cardiovascular systems respond to stress, how our immune systems function, and how we view moral ideas like justice and fairness. Experiments in psychology, neuroscience, and behavioral economics have not only revealed important new insights on how inequality changes people in predictable ways, but have provided a corrective to our flawed way of viewing poverty as the result of individual character failings. Among modern, developed societies, economic inequality is not primarily about money, but rather about relative status: where we stand in relation to other people. Regardless of their average income, countries or states with greater levels of income inequality have much higher rates of all the social problems we associate with poverty, including lower average life expectancies, serious health issues, mental illness, and crime. The Broken Ladder explores such issues as why women in poor societies often have more children, and have them younger; why there is little trust among the working class that investing for the future will pay off; why people’s perception of their relative social status affects their political beliefs, and why growing inequality leads to greater political divisions; how poverty raises stress levels in the same way as a physical threat; inequality in the workplace, and how it affects performance; why unequal societies become more religious; and finally offers measures people can take to lessen the harm done by inequality in their own lives and the lives of their children.
Category: Social Science

Toxic Inequality

Author : Thomas M. Shapiro
ISBN : 0465046932
Genre : Social Science
File Size : 80.82 MB
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From a leading authority on race and public policy, a deeply researched account of how families rise and fall today
Category: Social Science

Human Evolution Economic Progress And Evolutionary Failure

Author : Bhanoji Rao
ISBN : 9781351777766
Genre : Business & Economics
File Size : 86.46 MB
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This monograph is an innovative endeavour in many ways. First, it brings to the fore the synergy between human evolution and economic and social progress. Second, it acknowledges the critical contributions from the routine adherence to contextual truth and contextual non-violence of humanity at large. Finally, it argues that the world is sliding towards evolutionary failure by not moving further forward in the adherence to the two core human values. For all those interested in development in a holistic sense, the book will inspire thinking and debate. Human evolution will go on – one way or the other – with or without adherence to truth and non-violence. The book stresses the time is now, to go for the best and eschew the worst.
Category: Business & Economics