Les Leopold

Les Leopold

Les Leopold, the director of the Labor Institute in New York is working with unions, worker centers and community organization to build a national economics educational campaign. His latest book, Runaway Inequality: An Activist's Guide to Economic Justice (Oct 2015), is a text for that effort. All proceeds go to support this educational campaign. (Please like the Runaway Inequality page on Facebook.) His previous book is The Looting of America: How Wall Street's Game of Fantasy Finance destroyed our Jobs, Pensions and Prosperity, and What We Can Do About It (Chelsea Green/2009).

Articles by this author

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Sunday, July 11, 2010
Why the Idiocy About Unemployment?
My wife, a labor economist, is upset with NPR's "The Take Away" (and many other news programs) for reinforcing the myth that somehow the unemployed are to blame for not having a job. We all should be angry as well because the jobs just aren't there. In fact, the latest unemployment statistics show that there are five unemployed workers available for every vacant job. Why blame workers when it's so clear that Wall Street's reckless gambling caused the jobs crisis?
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Sunday, June 13, 2010
Is there a Global War Between Financial Theocracy and Democracy?
Senate and House conferees are about to reconcile a financial reform bill that is virtually designed to institutionalize "too big to fail." And when they do we'll lose another battle in the ongoing war between global financial markets and democratic nation-states. This war has been going on for decades -- but democracy hasn't always been in full retreat.
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Friday, May 14, 2010
Help! What's the Cure for Financial Insanity?
Now that the bank lobbyists are nearly finished neutering the financial reform bill, it's time to face reality: our financial world will continue to be run by the very financiers who crashed the system two years ago. The bankers' arguments ricocheting through the halls of Congress make it seem as if our financial system is basically rational and sound -- that only a few flaws need fixing. That's lunacy. Our bright bankers may be rational as individuals, but collectively they perpetuate a fractured system gone utterly mad... and getting madder every day.
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Monday, January 25, 2010
Wall Street Bonuses Can Create One Million Green Jobs
President Obama may be joining the populist crusade against Wall Street. In the span of one week he opened up a three front war: a tax on big banks, full support for a new Consumer Financial Protection Agency, and the embrace of Paul Volcker's plan to break up the big banks. It's about time. Or has the time already passed? Yes, there is enormous popular anger against Wall Street and the bailouts. However, the deepest anger is rooted in the enormous fears and hardships caused by the lack of jobs.
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