Stories by Les Leopold

Les Leopold is the director of the Labor Institute. His most recent book is "How to Make a Million Dollars an Hour: Why Hedge Funds Get Away with Siphoning of America's Wealth (Wiley, 2013)." His next book project will focus on why the richest country on earth is so poor. subscribe to Les Leopold's feed

Posted on: Dec 16, 2014, Source: AlterNet

Do you ever wonder why it takes the average family 47 years to make as much as a hedge fund honcho makes in one hour?

Posted on: Dec 15, 2014, Source: AlterNet

It's no accident that America is both the most unequal industrialized country, and has the largest prison population.

Posted on: Dec 5, 2014, Source: AlterNet

Other developed societies have a much stronger social contract to protect themselves from the finance industry.

Posted on: Nov 24, 2014, Source: AlterNet

We're far from poor—we just have a wildly lopsided distribution of wealth that makes us seem poor.

Posted on: Nov 14, 2014, Source: AlterNet

Corporate power is bad, but the financial industry is behind the atrocious wealth divide.

Posted on: Nov 10, 2014, Source: AlterNet

And no clear signs it's going to get better.

Posted on: Nov 3, 2014, Source: AlterNet

And much of it is legal.

Posted on: Sep 30, 2014, Source: AlterNet

We're number one? Hardly.

Posted on: Apr 23, 2014, Source: AlterNet

A political fight in Chicago could determine the future of pensions and public services.

Posted on: Mar 25, 2014, Source: AlterNet

Finance industry rakes it in from dubious fees.

Posted on: Mar 5, 2014, Source: AlterNet

The financial industry is a parasite on our society.

Posted on: Jan 21, 2014, Source: AlterNet

Curing wealth addiction won't change America's runaway inequality. We need to end Wall Street as we know it.

Posted on: Nov 25, 2013, Source: AlterNet

Transforming poorer neighborhoods into desirable real estate for the new elites often requires getting rid of the poor: jail becomes the new home for many.

Posted on: Sep 19, 2013, Source: AlterNet

Team Obama wants to turn higher education into yet another financial instrument.

Posted on: Sep 12, 2013, Source: AlterNet

Our financial system is sucking up the wealth of the nation and using it to cover its losses.

Posted on: Jul 19, 2013, Source: AlterNet

A new survey shows how brazenly immoral Wall Street is.

Posted on: Jul 2, 2013, Source: AlterNet

Higher education used to be free for millions of Americans. A transaction tax on the financial houses would make it free again.

Posted on: Jun 18, 2013, Source: AlterNet

America is the richest country on Earth. We have the most millionaires, the most billionaires—and an increasingly poor middle-class.

Posted on: Jun 10, 2013, Source: AlterNet

How the insider trading game is played in government...and at the White House.

Posted on: May 23, 2013, Source: AlterNet

There are 8,000 hedge funds, and they are up to their eyeballs in unethical behavior.

Posted on: Apr 18, 2013, Source: AlterNet

It's perverse: the top 10 hedge funds managers make as much as 196,000 registered nurses. Here's how we change that.

Posted on: Apr 10, 2013, Source: AlterNet

Tennessee lawmakers have elevated hatred for government and disgust for poor people to an art form.

Posted on: Apr 5, 2013, Source: AlterNet

Don’t say anything remotely truthful.

Posted on: Feb 22, 2013, Source: AlterNet

Les Leopold's new book reveals that hedge funds make their super-profits by doing what the rest of us would call cheating.

Posted on: Dec 28, 2012, Source: AlterNet

From blatant robbery to money laundering, here are the biggest scandals of 2012 banking history.

Posted on: Dec 5, 2012, Source: AlterNet

Do you ever wonder why it takes the average family 47 years to make as much as a hedge fund honcho makes in one hour?

Posted on: Aug 14, 2012, Source: AlterNet

The simple truth is our giant banking system is metastasizing throughout our economy. It’s sucking away our wealth. And it’s out of control.

Posted on: Jul 3, 2012, Source: AlterNet

We work ourselves to death, while people in other countries take holidays, get family leave and have paid sick time during vacations.

Posted on: Jun 25, 2012, Source: AlterNet

A Fed-sponsored competition brainwashes teens into putting the capitalist titans of Wall Street on a pedestal.

Posted on: May 15, 2012, Source: AlterNet

JP Morgan Chase is part of an entwined system of too-big-to-fail institutions that are ripping us off.

Posted on: May 2, 2012, Source: AlterNet

Next time you fill up your tank, remember that $10 to $25 is going right from your pocket to the financial sector.

Posted on: Apr 17, 2012, Source: AlterNet

We're far from poor -- we just have a wildly lopsided distribution of wealth that makes us seem poor.

Posted on: Apr 5, 2012, Source: AlterNet

The financial rot is deeply impacting our democratic structures.

Posted on: Mar 27, 2012, Source: AlterNet

The transformation of Washington into an information feeder arm of Wall Street will continue until an outraged public builds a mass movement to counter Wall Street.

Posted on: Mar 23, 2012, Source: AlterNet

This obscene distribution of income is what we get for failing to rein in Wall Street.

Posted on: Feb 16, 2012, Source: AlterNet

The chances are rising for an Obama second term. But what do we really want him to do?

Posted on: Jan 31, 2012, Source: AlterNet

Without a dramatic rethink, our "free-enterprise" system may never again provide enough decent jobs for those who need them.

Posted on: Jan 17, 2012, Source: AlterNet

If Goldman Sachs is a vampire squid, as Matt Taibbi so aptly named it, then hedge funds are like piranhas or sharks, eager to strip the financial carcass to the bone.

Posted on: Sep 25, 2009, Source: AlterNet

It's been AWOL thus far.