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Les Leopold

    Wall Street's War on Workers
    • 2024

      Layoffs disrupt lives, create immense stress, and lead to crippling debt. The societal damage from mass layoffs is well-documented, yet little is done to prevent them. Why do we permit corporate decisions to devastate communities? In this insightful examination, the author reveals how healthy U.S. corporations leverage mass layoffs and stock buybacks to boost shareholder profits at the expense of employees. Through thorough research, the author clarifies the reasons behind mass layoffs and how current laws facilitate these practices for short-term financial gain. This work contextualizes U.S. labor practices within the broader social and political landscape, highlighting the detrimental effects of financial exploitation on party politics and democratic integrity. It discusses the opioid crisis in relation to job losses in states like West Virginia and Michigan, illustrating a culture of fatalism surrounding mass layoffs. The author critiques the Democratic Party's misjudgment regarding the white working class's political motivations, challenging the notion that they are becoming less progressive due to divisive social issues. With clear analyses and actionable solutions, the author argues that thriving in a competitive economy doesn't necessitate mass layoffs. The current financialized capitalism is policy-driven, and to end mass layoffs, we must dismantle Wall Street's grip on the economy. The text presents a compelling ca

      Wall Street's War on Workers