CCDP is pleased to host Les Leopold, author of Runaway Inequality, Saturday May 4th at the Pittsboro Roadhouse. Join us at 2:30 pm to hear about and discuss one of the most significant threats to democracy.
The event is free and open to the public. Copies of the book will be available for purchase.
More about the book.
Runaway inequality is now America’s most critical economic fact of life. In 1970, the ratio of pay between the top 100 CEOs and the average worker was 45 to 1. In the current decade it is a shocking 800 to 1! During the time in between a new economic philosophy set in that cut taxes, deregulated finance, and trimmed social spending. Those policies set in motion a process that greatly expanded the power of financial interests to accelerate inequality. But how exactly does that happen?
Using over 120 easy-to-understand charts and graphs, Runaway Inequality explains the process by which corporation after corporation falls victim to systematic wealth extraction by banks, private equity firms, and hedge funds. It reveals how financial strip-mining puts enormous downward pressure on jobs, wages, benefits, and working conditions, while boosting the incomes of financial elites.
But Runaway Inequality does more than make sense of our economic plight. It also shows why virtually all the key issues that we face―from climate change to the exploding prison population―are intimately connected to rising economic inequality.
Most importantly, Runaway Inequality calls upon us to build a common movement to tackle the sources of increasing income and wealth inequality. As the Les Leopold makes clear, the problem will not cure itself. It will take enormous energy and dedication to bring economic justice and fairness back to American society.
39 West St
Pittsboro, NC 27312
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