Chelsea Green Publishing

Chelsea Green Blog

Les Leopold: Should Wall Street Pay Reparations?

Les Leopold, harsh critic of the current incarnation of Wall Street and the author of 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, recently posed the following question to his Huffington Post readers—and I’m paraphrasing: Should those crooks over there on Wall Street pay reparations to the American people for their wanton destruction of the economy? Here’s an excerpt from the article. Read the full post here.
Let’s be very, very clear. Those who actively promoted or passively accepted the ideology of deregulation and wealth distribution put the financiers in control of the economy and they’ve made one hell of a mess of it…after making hundreds of billions of dollars along the way. We then bailed them out with trillions of our money and now they are making record profits again, while nearly 25 million are unemployed and underemployed. And millions more are working for crap wages. If the arc of the universe bends towards justice, we would start with a President’s Wage Cap to tax away all Wall Street salaries above $400,000 a year and add on a windfall profits tax on all financial firms to pay for extended unemployment benefits until the unemployment rate falls below five percent. Actually “tax” is the wrong word. We’re talking reparations.
Pow! Consider that a “Les Leopold proverbial foot to the chin.” Read the full article here. Related Posts:


The Future Is Hopeless, So Give it Your All

The never-ending national election in the United States, the “surprise” pro-Brexit vote in the United Kingdom, climate change … the list goes on and on about how easy it can be to lose hope in the future.Like many of life’s frustrations, or overwhelmingly large topics, most people in our society find themselves somewhere on the […] Read More

Climate Change & the End of Stationarity

Just as predicting the rise of Donald Trump as a leading presidential candidate stumped even the best of political analysts (looking at you Nate “FiveThirtyEight” Silver), the advent of the Sixth Great Extinction due to climate change and an increasingly potent mix of carbon dioxide in the atmosphere has completely upended how we predict the […] Read More

Use Simple Games to Better Understand Climate Change

How is it that emissions keep growing despite rising concern about the climate change they cause? It is possible to identify several reasons for the paradox, most of which lie outside the scope of The Climate Change Playbook. But one important reason is relevant here: people do not understand the behaviors of the climate system.And […] Read More

Author Petra Kuenkel: The Art of Leading Collectively

More than ever before, there is a focus on new, collective forms of leadership—and an urgency to get collective change processes underway, all over the world. What’s behind the recent push to move collective leadership to the fore? Whether we find ourselves in societal or organizational change, it requires collective energy and drive to bring […] Read More

Author David Stroh: First Steps to Becoming a Systems Thinker

Systems thinking is often seen as something relegated to scientific and business analysis – economics, resource depletion, and climate. However, Systems Thinking for Social Change focuses on how to use systems thinking to make breakthrough progress on intransigent social problems. We asked author David Stroh how this approach can make an impact, and how readers […] Read More
Follow us
Get every new post delivered to your inbox
Join millions of other followers
Powered By WPFruits.com