12 December 2015

Economic Elites Will Only Give Up Power and Wealth When Forced to Do So

By Les Leopold, Labor Institute Press | Book Excerpt

The following is the introduction to Runaway Inequality: An Activist's Guide to Economic Justice, by Les Leopold:

The United States is among the richest countries in all of history. But if you're not a corporate or political elite, you'd never know it. In the world working people inhabit, our infrastructure is collapsing, our schools are laying off teachers, our drinking water is barely potable, our cities are facing bankruptcy, and our public and private pension funds are nearing collapse. We - consumers, students, and homeowners - are loaded with crushing debt, but our real wages haven't risen since the 1970s.

How can we be so rich and still have such poor services, so much debt and such stagnant incomes?


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