Les Leopold is the executive director of the Labor Institute and author of the new book, “Wall Street’s War on Workers: How Mass Layoffs and Greed Are Destroying the Working Class and What to Do About It.' (2024). Read more of his work on his substack here.
Today thousands of activists are working hard to protect voting rights, halt undemocratic gerrymandering, and defend women’s and LBGTQ+ rights. But those valiant and critically important efforts are not likely on their own to stop the rise of authoritarianism. To have any chance of success we also have to address fundamental economic issues that plague the working class and bring them into the fight for democracy. And that requires doing all we can to halt Wall Street’s mass slaughter of jobs.
There’s a very large and powerful movement to be built if we are willing to take on Wall Street. This requires building a multi-ethnic working-class crusade with a focus on curtailing Wall Street’s greed as well as supporting democratic rights.Because both political parties are so hungry for Wall Street cash , the economic terrain is wide open for a political working-class movement that fights against mass layoffs, curtails leveraged buyouts, and ends stock buybacks .
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