Runaway Inequality: An Activist’s Guide to Economic Justice by Les Leopold PDF

By Les Leopold

ISBN-10: 0692436308

ISBN-13: 9780692436301

Runaway inequality is now America’s most crucial financial truth of existence. In 1970, the ratio of pay among the pinnacle a hundred CEOs and the common employee was once forty five to at least one. at the present time it's a stunning 829 to 1! in the course of that point a brand new monetary philosophy set in that lower taxes, deregulated finance, and trimmed social spending. these guidelines set in movement a approach that enormously multiplied the facility of monetary pursuits to speed up inequality. yet how precisely does that happen?

Using easy-to-understand charts and graphs, Runaway Inequality explains the method wherein company after company falls sufferer to systematic wealth extraction by means of banks, deepest fairness organisations, and hedge cash. It finds how monetary strip-mining places huge, immense downward strain on jobs, wages, advantages, and dealing stipulations, whereas boosting the earning of monetary elites.

But Runaway Inequality does greater than make experience of our fiscal plight. It additionally indicates why almost all of the key matters that we face―from weather switch to the exploding legal population―are in detail hooked up to emerging fiscal inequality.

Most importantly, Runaway Inequality calls upon us to construct a standard circulation to take on the resources of accelerating source of revenue and wealth inequality. because the writer makes transparent, the matter won't remedy itself. it is going to take huge, immense power and commitment to convey monetary justice and equity again to American society.

The ebook is split into 4 parts:

• Part I: what's the basic reason behind runaway monetary inequality? What has made our economic climate much less reasonable and left such a lot people much less secure?

• Part II: How does the U.S. rather evaluate with different significant built countries?  How will we stack up on caliber of existence, future health, and well-being?
• Part III:  What does financial inequality need to do with such a lot of of the serious concerns we are facing, together with taxes, debt, schooling, felony justice, racism, weather swap, international exchange, and war?
• Part IV: What concrete steps will we take to start construction a good and simply society?   

From the publication: “There is not anything within the monetary universe that might instantly rescue us from runaway inequality. there isn't any pendulum, no invisible political strength that ‘naturally’ will swing again in the direction of fiscal equity. both we salary a large-scale conflict for financial, social, and environmental justice, or we'll witness the continuing deterioration of the area we inhabit. The arc of capitalism doesn't bend in the direction of justice. We needs to bend it.”