Runaway Inequality, Updated 3rd Edition
An Activist’s Guide to Economic Justice
Revised and Updated Third Edition
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 author 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.
The book is divided into four parts:
- Part I: What is the fundamental cause of runaway economic inequality? What has made our economy less fair and left most of us less secure?
- Part II: How does the United States really compare with other major developed countries? How do we stack up on quality of life, health, and well-being?
- Part III: What does economic inequality have to do with so many of the critical issues we face, including taxes, debt, education, criminal justice, racism, climate change, foreign trade, and war?
- Part IV: What concrete steps can we take to begin building a fair and just society?
This revised and updated third edition includes a new preface by the author, additional information on how climate change affects and is affected by inequality, a new section on the Trump tax bill and how it will impact inequality, and over 75 charts and graphs that have been revised and updated.
Reviews and Praise
…"the book has many virtues besides its timeliness. And more than most of the other high-profile books on inequality in recent years, Runaway Inequality doesn’t just explain where the U.S. economy went wrong; it also explains how American citizens can organize to get it back on track.”
About The Author
|Size:||6 x 8 inch|
|Publisher:||The Labor Institute Press|
|Pub. Date:||June 15, 2018|
Available In/Retail PricePaperback, 320 pages, $19.95USD, £14.99GBP
MEDIA & EVENT INQUIRIES
Contact Publicity at: [email protected] or (802) 295-6300 x 127
To set up an author appearance or event, contact Jenna Dimmick Stewart at: [email protected]
(802) 295-6300 x 120
Click here to request a review copy of one of our books.
Rights & Permissions
Email us for rights & permissions inquiries.
Special, Corporate and Academic Sales
Trade and Library Sales
Independent Bookstore Sales
To place a retail wholesale order, please contact the appropriate regional representative.
Canadian and Overseas Trade Distribution
To place an international wholesale order, please contact the appropriate foreign trade distributor.
Request a desk or evaluation copy.