View this post on Instagram In 1945, the first transfer of the Bank’s profits to the general fund was made—$1,725! The next time this occurred was in 1949 and 1951, a veterans’ fund received $1.5 million. Learn more in The Bank of North Dakota, From Surviving to Thriving – The First 100 Years hardcover book. … Read more
Lordstown is the poster child for modern financialized capitalism and runaway inequality By Les Leopold The vacant Lordstown General Motors facility is a frightening sight—6.2 million square feet of modern industrial might spread over 900 acres doing absolutely nothing except depressing the regional economy and the spirits of northeast Ohio. Just a few months ago … Read more
[et_pb_section admin_label=”section”][et_pb_row admin_label=”row”][et_pb_column type=”2_3″][et_pb_text admin_label=”Text” background_layout=”light” text_orientation=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid”] After two printings and more than 50,000 copies sold, Runaway Inequality will get a new introduction and a new printing early in 2018. While we discussed a new title for the book, Runaway Inequality in the Age of Trump, we decided to not change the name, but … Read more
(This article was sent to subscribers to RunawayInequality.org. If you would like to receive more content via email about inequality and how to reverse it, sign up here.) How does Wall Street financially strip-mine a country, territory or state? It loans governments more and more money knowing that, no matter what, they have to pay … Read more
And some history.
From the Austin DSA Newsletter, July 2017 Austin DSA Members Participate in CWA “Reversing Runaway Inequality” Workshop Reported by David Pinkham On Saturday, July 8th at the bright and early hour of 8 A.M., Colin Gray and I, cramming our faces with cold coffee and Clif bars, carpooled down to Southwest Austin and managed to arrive … Read more
The NY Times’s David Leonhardt borrows a chart from Thomas Piketty and his crew that shows how income gains have been distributed since World War II. Read his story at the New York Times.
This is from the email Les started sending people who signed up for more information about becoming a trainer or joining the campaign. We’ve moved it here so anyone who is interested might find it. “As an economics educator, I was asked by the Communications Workers of America (CWA) in the Spring of 2015 to … Read more