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Stick ‘Em Up: Where Has All Your Money Gone?

On the radio this weekend, a woman who lost her small business in the recent financial crisis unraveled her tales of woe.  The radio blared this somber tune as I drove through towns with “Closed” signs hung during the busiest hours of the day.  Yep, it’s a western movie out there in the world of capitalism–with tumbleweeds blowing across roads and cowboy guns cocked. Okay, maybe not cowboy guns. I don’t really know how best to describe what’s going on, to tell you the truth. But that’s why Les Leopold exists. His recent book, The Looting of America, makes sense of all the mess. From
The Looting of America: How Wall Street’s Game of Fantasy Finance Destroyed our Jobs, Pensions, and Prosperity, by Les Leopold, has the best explanations I have found yet of Collaterized Debt Obligations, Credit default Swaps, and the other financial weapons of mass destruction that have detonated on our economy the last few years.
But Mr. Leopold goes beyond clearly-written descriptions and tells us the story of how these bizarre derivatives originated, thrived, and ultimately dominated the world’s financial system.  He also, I think, makes a case for how income inequality, which we’ve been discussing recently, led to the financial meltdown.The book opens with a specific episode from the 2007-2008 financial fiasco to illustrate how otherwise responsible elected officials and public trustees could get sucked in over their heads – “The Hooking of Whitefish Bay”.  Reading, I kept think of Jefferson County’s woes, for the stories are similar – promised high returns through mysterious investments that were supposedly AAA-dead-safe, followed by fee after fee after fee to the banks and Wall street. Like the best storytellers, he ties the particular local disaster for Whitefish Bay to the larger financial catastrophe playing out across the nation, but he doesn’t just leave it as some kind of perfect storm that no one could have foreseen.  Oh no, this was a self-inflicted wound, and Mr. Leopold steps the reader through the economic and political history leading up to this mess. Given all the policy and tax changes that our elected leaders elected to make, as well as the changes in the world’s economy, this was going to happen.  As a co-worker said, “The amazing thing is not that we shoot ourselves in the foot every so often, it’s how quickly we reload!!”
Read the entire article here.

“Rules for Revolutionaries” Offers New Political Playbook for Activists

A riveting behind-the-scenes look at the “rules” used by the “revolutionaries” who helped harness the volunteer power that fueled Bernie Sanders’ historic, and insurgent, presidential campaign.Authors Becky Bond and Zack Exley led the Sanders campaign’s efforts to recruit and engage volunteers at an unprecedented level, which was crucial to the Vermont senator capturing 46 percent […] Read More

In Memory: Poet David Budbill

“One village of the many—call it Judevine.”The Chelsea Green family was saddened to hear of the death of Vermont poet, author, and friend David Budbill. He died early Sunday morning, September 25, 2016 at his home in Montpelier. He had been diagnosed with Parkinson’s Disease a year ago, and was in steady decline.In 1991, Chelsea […] Read More

Celebrate Homesteading Month with Chelsea Green

It’s September, which means it’s time to celebrate homesteading: Pose a question, tell a story, win a book!That’s right, September is International Homesteading Education Month, and throughout the month we’ll be publishing some of our favorite homesteading tips, techniques, and even recipes. We’ll be featuring authors Carol Deppe, Janisse Ray, Ben Hewitt, Philip Ackerman-Leist, as […] Read More

Hop Grower’s Handbook Wins Silver for Garden Writing

We’re “hopping” for joy at Chelsea Green for authors Laura Ten Eyck and Dietrich Gehring as they’ve been honored with a Silver Medal by GWA: The Association for Garden Communicators for their book The Hop Grower’s Handbook.Laura and Deitrich won the prestigious honor in the Writing category for a technical/reference book of greater than 120 […] Read More

Gene Logsdon: Contrary Farmer & Rural Philosopher (1931-2016)

One of Chelsea Green’s most prolific writers, thinkers, and all-around curmudgeonly but lovable farmer — Gene Logsdon — died this week. We were heartbroken to hear the news, and many of us who have worked with Gene over the years  began to think of all the ways in which we were the better for not […] Read More
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