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 off America's Wealth (Wiley, 2013). subscribe to Les Leopold's feed

Posted on: Jan 14, 2015, Source: AlterNet

Expect government services to further decline while the rich evade paying their taxes.

Posted on: Dec 31, 2014, Source: AlterNet

We have to curtail the power of high finance.

Posted on: Dec 17, 2014, Source: AlterNet

America is the richest country in all of history... with a whole lot of poor people.

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.

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