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Runaway Inequality: An Activist’s Guide to Economic Justice
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In 1970, the ratio of pay between the top 100 CEOs and the average worker in their companies was 45 to 1. Today it is a shocking 829 to 1!
During that time we’ve seen cuts in taxes, deregulated financial regulations, and trimmed social spending set in motion a process that has rewarded the wealthy while wages for workers have stagnated. How exactly did that happen?
Using easy-to-understand charts and graphs, Runaway Inequality: An Activists Guide to Economic Justice explains how corporations and their banks systematically extract wealth from the system, rewarding stockholders, private equity firms, hedge funds, and financial elites, and how this financial strip-mining puts enormous downward pressure on jobs, wages, benefits, and working conditions for people who work for a living.
But Runaway Inequality does more than simply make sense of our economic plight. It also shows why virtually all the key issues that we face, from climate change to racism, from health care costs 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 change the policies and politicians increasing income and wealth inequality. As Les Leopold 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. And there’s no better time to start than today.
Les Leopold, the director of the Labor Institute in New York, is working with unions, worker centers, and community organizations to build a national economics educational campaign. All proceeds from the sale of this book go to support this educational campaign.