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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 leftinalabama.com:
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.


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

Hands-On Learning: School of The New American Farmstead

This summer, twelve of our authors (plus Chelsea Green’s own President and Publisher) will be leading hands-on intensive courses at Sterling College in Craftsbury, Vermont. These workshops, classes, and certifications will inspire you, equip you with marketable skills, and provide you with new perspectives on integrated, community-centered farming and food production. Engage your Senses The […] Read More

The Occidental Arts and Ecology Center Cookbook Wins IACP Award

Chelsea Green is thrilled to have received the Food Matters Award for The Occidental Arts & Ecology Center Cookbook, by the OAEC Collective and Olivia Rathbone.The International Association of Culinary Professionals announced its 2016 IACP Award winners on April 3 during a ceremony in Los Angeles.The awards recognize the best food writing of the year, […] Read More

Color Me Green: Chelsea Green to Launch Coloring Books Imprint

In response to demand from readers who clearly aren’t able to fill up their days building swales, chicken tractors, forest garden greenhouses, kombucha and kimchi, mead or salad sprouts – Chelsea Green is launching a new imprint of coloring books.These books will bring some of its most popular, and iconic, titles to a new market—adults […] Read More

Dig In: February Roundup 2016

The latest news and opinions from Chelsea Green and our authors, as well as tips and techniques about how you can bring our books to life in your kitchen, backyard, or community, and special sales, promotions and new releases. 10 Books to Curl Up With This Winter We here at Chelsea Green have concocted the […] Read More
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