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Billionaires are pillaging America. How do we fight back? | The Chris Hedges Report

The resurgence of the labor movement in 2023 galvanized and emboldened unions around the country—and sent capitalists scrambling to squash the nascent militancy of their workers. Among the attempts of the billionaire class to retaliate is a major legal challenge to the National Labor Relations Board, the government body that has protected the right of workers to collective bargaining for 89 years. This latest attack on the rights of workers is the culmination of a decades-long assault on the working class in the US, which has been caught between an economic system hemorrhaging jobs and a political system that refuses to address their problems. Les Leopold, executive director of the Labor Institute and author of Wall Street's War on Workers, joins The Chris Hedges Report to discuss the full-spectrum assault on worker power taking place before our eyes. Studio Production: David Hebden Post-Production: Adam Coley Join this channel to get access to perks: https://www.youtube.com/channel/UCrmm_7RDZJeQzq2-wvmjueg/join Watch The Chris Hedges Report live YouTube premiere on The Real News Network every Friday at 12PM ET: https://therealnews.com/chris-hedges-report Listen to episode podcasts and find bonus content at The Chris Hedges Report Substack: https://chrishedges.substack.com/ The Real News is an independent, viewer-supported, radical media network. Help us continue producing The Chris Hedges Report by following us and making a small donation: Donate to TRNN: https://therealnews.com/donate-yt-chr Sign up for our newsletter: https://therealnews.com/nl-yt-chr Like us on Facebook: https://facebook.com/therealnews Follow us on Twitter: https://twitter.com/therealnews #chrishedges #therealnewsnetwork

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(singing) The country's major corporations seeking to crush union organization have filed legal papers to shut  down the National Labor Relations Board, or NLRB, the federal agency that enforces labor rights  and oversee unionization efforts. Elon Musk, SpaceX, as well as Amazon Starbucks, and Trader  Joe's have targeted the NLRB after it accused Amazon Starbucks and Trader Joe's of breaking  the law and battling against unionization, as well as accusing SpaceX of illegally firing eight  workers
for criticizing Elon Musk. The attempt to get the federal courts to overturn the 89-year-old  National Labor Relations Act, which has governed labor relations since Franklin Roosevelt was  president, is one more assault in the war against workers by corporations and Wall Street. Laws and  regulations put in place by the New Deal have been steadily dismantled. The NLRB, for example,  has already been rendered largely toothless. It is unable to fine corporations for breaking the  law, including w
hen corporations fire workers who are attempting to organize. If NLRB judges are  declared unconstitutional, the goal of the legal challenge, it would halt judges from hearing  hundreds of cases brought against corporations for violating labor laws. This latest attack  on workers is part of a broader decades long assault that includes the mass layoffs of workers  and costly stock buybacks to enrich shareholders at workers' expense. This assault has not only  caused financial distress among the w
orking-class, it has not only seen wealth funneled upwards  into the hands of the billionaire class, but has had negative repercussions for our society  and our democracy. The Democratic Party's abject betrayal of the working-class, especially in  rural America, lies at the heart of the rise of a demagogue like Donald Trump. Rather than  halt this corporate pillage, the victims of this assault are demonized as ignorant, racist bigots. Those Hillary Clinton called deplorables. They are written of
f as a lost cause politically. The  statistics, however, point to a strong correlation between the decline of the Democratic Party and  mass layoffs along with onerous trade agreements that ship manufacturing jobs to Mexico and China.  The claim by many Democrats and pundits such as New York Times columnist Paul Krugman, that  there is a massive reactionary working-class populist base in America is a fiction. Even the  January 6th, 2021 storming of the US Capitol, it turns out, was not in fact a
white  working-class riot, but it is easier to dismiss the white working-class rather than  ameliorate their very real suffering. This failure to act is ominous. As labor journalist Hamilton  Nolan writes, "The people who fancy themselves as the captains of the ship are actually the  wood eating shipworms who are consuming the thing from the inside until it sinks." Joining me to discuss the war on workers and how it imperils what is left of  our anemic democracy is Les Leopold, who co-founded t
he Labor Institute and is the  author of Wall Street's War on Workers: How Mass Layoffs and Greed Are Destroying the working-class  And What to Do About It. So your book, I think, makes a very convincing case that the defection  of the white working-class in particular, which is largely often rural, is caused by this  economic distress, and you have lots of data and statistics and charts to back it up, but I  want to begin, as you do in the introduction, you lay out the cost, the emotional cost
to  workers who lose their jobs. You write that it's the seventh considered the seventh most stressful  life event ranked more stressful than divorce, than recovery from the psychological trauma of job  loss takes two years on average. You talk about developing new health conditions rise by 83%. And  I've seen that among my own family in Maine. Let's talk about just to begin what that job instability  does to one's physical and emotional state. Well, I saw this in my own family. My father  was a
factory worker. When he was laid off through a mass layoff, it was traumatic. He felt  terrible about himself. We were fortunate that my mother had a full-time job, and so we didn't  completely crash economically, but he just felt pretty worthless. Another fortunate thing was  this happened to be during the recessions of the early 1960s and when the economy picked  up, he got a job and he basically was able to hold it for the rest of his career. But today  what's happened is then it was during
recessions. That's when you'd see mass layoffs. Corporate  CEOs were embarrassed to do mass layoffs. They thought it was a sign of their own failure. Now  it's a sign of financial prowess. Good times, bad times, it doesn't matter. So you're seeing  people go from one mass layoff to the next mass layoff and it's totally debilitating. You  feel terrible about yourself. It's hard. It becomes increasingly hard to make ends meet and  you feel let down by your society. Everybody talks about the econom
y, the economy, the economy.  What does it mean if a democratic country and its economy can't produce a modicum of stable  employment? You are in trouble and the people start losing faith in the system all around them.  It's no accident that the opioid epidemic grew up in this environment. It's no accident that people  started to abandon the Democratic Party. They just feel let down and they don't know where to  turn and frankly, where do we tell them to turn? I see a few politicians who are bra
ve enough to  take on Wall Street and they're doing well like Sharon Brown in Ohio, but most people just  duck. They want to talk about something else where they talk about jobs in the future. That's  the other thing I'm finding difficult to handle. I'm all for the infrastructure bills, I'm all  for the CHIPS programs, all these things that create jobs in the future, but what is it  going to do for the person that's laid off? Now, we had a plant go down in Olean, New  York that's on the southern
tier right above Pennsylvania, very rural, once very industrial.  So a plant goes down there and in a few years, a battery factory is opened up in Buffalo three,  four, five hours away. It doesn't do anything for you. You're being told, "Move. Take your family  your life and just rip it up and move." Anyway, this kind of pressure has been studiously  ignored. So that was one finding of our book is, as you've mentioned, explained it very well.  We found there was a high causal correlation betwee
n the rise of mass layoffs in especially  in the rural counties in the blue wall states, Pennsylvania, Michigan, Wisconsin, and the decline  in the Democratic Party going back to 1996, not just during the Trump election. And the  second thing we found that you mentioned was that the white working, especially in these  rural areas, are not becoming more illiberal. They are not a basket full of deplorables. Yes, there's some people like that. We estimate nationally, maybe max 3% would fit  into Hi
llary's basket full of deplorables. Let me just give you the one statistic that a  couple that just blew my mind. When asked 20 years ago whether gay or lesbian couples should be  able to adopt children, the white working-class, on average, only about 38% said they approved  of that. Now it's 76%. The other one's probably for religious reasons or something. Another one,  how about legalization. This is an important one, because this is the one you would think would  be completely hated by the pe
ople left behind. "Do you approve of granting citizenship to  illegal immigrants who've been here three years, no felonies and have been paying their taxes?"  Well, 15 years ago, only about 32% agreed with that statement. Now it's 61.6%. Almost two thirds  now say, "Yes, we believe that there should be a path to legalization for undocumented workers."  To me, that was phenomenal when I saw that. So President Obama said... There's a certain  mental gymnastics that goes on here to rationalize this
away. He said, "Yeah, we know that they've  been left behind economically A, there's nothing we can do about it because it's the forces of  trade. It's the globalization and technology, and besides that, it's their fault that they're  clinging to guns and religion. We're not making them do that." Well, it turns out we saw no  evidence that people are getting more religious. We saw no evidence that they're cling to their  guns. They're not more homophobic, they're not more racist, they're gettin
g more liberal, but  they're angry. And as you said that very well, they're disgusted that no one is reaching  out for them to them, not just to pat them on the back or wear a hoodie and make them feel  good like we look the same. No people that will actually intervene and stop mass layoffs. That's  what has to happen. Direct intervention to stop mass layoffs and the tricks that Wall Street plays  to promote them. Leverage buyout, stock buybacks. We should just be clear, as you made clear in  yo
ur book, that the financial structures have changed with the rise of corporate raters, we  now politely call them private equity firms, and I did a good interview with the Pulitzer  Prize-winning financial or business reporter, Gretchen Morgenson on her book on private equity. [inaudible 00:11:56]. So the model changes where a private equity firm  comes in and harvest a corporation to sell off its assets, in essence to destroy it. They're  not trying to sustain it, and that has fueled, we'll go
back to certainly Clinton would go back  to Reagan probably, but that has over the last few decades, seen wave after wave of mass layoffs. I  wrote a book called America: The Farewell Tour, and wrote a chapter out of Anderson, Indiana.  That's where GM used to make its cars, good union paying jobs, a middle class city. They literally  packed up the equipment and moved it to Monterey, Mexico where they pay workers $3 an hour, and  the city has fallen into a death spiral with all of the attendant
problems that you point  out, opioid addictions, suicide's very high. And yet the Democratic Party just utterly  fails to address this issue. Right? Joe Biden, Chuck Schumer and Bernie Sanders had golden  opportunities during the pandemic to stop two significant mass layoffs, one in Morgantown, West  Virginia, the other, as you mentioned in Olean, New York, the failure to act contrast sharply  with Trump's strikingly symbolic and partially successful effort to prevent the carrier global  corpora
tion from moving jobs from its Indiana facility to Mexico in 2017. And I think this  is an issue that many people who dislike Trump don't pick up on, although of course he's a  con artist, but he does speak to this pain directly in a way that no other democratic  politician does with maybe the exception of Bernie Sanders, and Sherrod Brown, of course. Well, look, that's an excellent point. First of all, it was a very self-conscious effort on  the part of the Democrats and the Republicans from Re
agan on to rip up the new deal  controls, get rid of the guard rails, just like you talked about the NLRB, that's  another one they're now trying to get rid of, but basically these corporate raiders, the harvesters  that just wasn't going on before deregulation, that was frowned upon, that was easily stopped.  SEC would walk in and say, no, you can't do that. Well, I just want to interrupt  you. As you point out in your book, stock buybacks were used to be illegal. Yeah, well, it was basically s
o controlled that no more than 2% of corporate profits could  go to stock buybacks. Now we're talking close to 70% of all corporate profits in society, and  some companies, not just a handful, but hundreds and hundreds spend more than a hundred percent of  their profits on stock buybacks. They're basically taking their money and returning it... Returning  it. Giving it to the largest stock owners. They're not investors. These are stock sellers and these  are the hedge funds and other large insti
tutions that swoop in demand the stock buyback. Actually, that's why Carrier was moving to Mexico, not to keep up with the competition,  but its parent company and I, technologies had a bunch of hedge funds took a position in that  company and said, "We want a $6 billion stock buyback." So they figured, "Oh, we can save  $60 million by moving our most profitable division to Mexico," and Trump did intervene. The  story of, it's so painful to bring this one up, but I connected with the president o
f the union  at the Morgantown West Virginia facility. It's a mile in pharmaceuticals, and there's a whole  CD history there with Joe Manchin's daughter, and she got like a hundred million. Right, they produce EpiPens for $10 and then sell them for hundreds of dollars, But there's a whole bunch of... Let's put that aside. She was gone and the new owner wants to  move it to India in the middle of the pandemic, and they're making generic products.  So this local union was steel workers, former oil
, chemical atomic workers, progressive  organized, and they got Bernie Sanders crew, our revolution to support them. They appealed to  Biden administration, they appealed to Bernie, they appealed to Manchin. They even suggested  to the state government, why don't you buy the company and then we'll produce generic products  for the VA and for Medicaid? Pretty smart, right? Nobody did anything. So 1500 of the  probably the best blue collar jobs other than coal in all of West Virginia 1500  jobs, a
verage pay, 70 grand goes under, and this was when they could have used the  Defense Production Act. They did that with the baby formula just before this period, but they  didn't want to do it, and I can't figure out why. This was such an easy way to bring national  attention to, "We're not going to put up with mass layoffs." It's funny, the president of United  Technologies had a great line when they asked him, "Well, why did you give into Trump?" He goes, "I  was born at night, but I wasn't bo
rn last night." We get 10% of our revenue comes from federal  contracts, right? So there's 760 billion a year in federal contracts. What if you told them, "Guess  what, from here on in, no more mass layoffs, no more stock buybacks." You don't want to do  that. Don't take the contract. We'll find somebody else set up. You can use the bully pulpit. You can  use the federal contract. Now, people will say, whoa, wait a second. You're messing with  capitalism. It's not going to work. Well, you know w
hat? These large corporations are  enormously flexible. The other thing we found, this is another sad one, that Olean plant  in upstate New York was Siemens Energy. 90,000 employees was spun off, but still connected  to Siemens, which has 400,000 employees, a German based company. Well, 1700 US workers lost their  jobs when they stopped making a certain kind of compressor for oil rigs or fracking or something.  In Germany, 3000 were going to lose their jobs, but because they have codetermination
  there, half the board members are workers, including high-level union officials. They did  all these investigations, they did all these pressure tactics, and the company agreed to no  compulsory layoffs, plus, this is the part that was really mind-blowing. In other words, you  have to buy the worker out before they leave, otherwise you can't get rid of them. The six  facilities that were making the product that they were shutting down, they agreed to put something  else in the plant and keep t
he six plants open, so that could be part of your federal contract. No compulsory layoffs, no plant shutdowns, no stock buybacks. But you have to interfere  with capitalists and Wall Street prerogatives. That takes guts. And I keep asking myself, "Don't  they see that it really works for Sherrod Brown in Ohio?" Bernie in Vermont and Elizabeth Warren  in Massachusetts, those are democratic states, but Ohio Brown outpaced Trump by 15% in 2020. So  people respond to those who are really trying to p
rotect their jobs, and it just has to happen.  My big fear is that the right is going to wake up. They're going to see what Trump did.  The polling, by the way, after that show, that was enormously popular with the American  public and with Democrats for that matter, they're going to wake up and say, "You know  what? Instead of going after these companies because they're too woke or for diversity,  let's go after them because of their layoffs." Now, you make an interesting point that... Reminds 
me of Gaza, actually. So we have no leverage over Israel unless we stop the arms shipments,  but it isn't going to happen so we have no leverage. So the Democrats have no leverage  over these large corporations because they won't halt these massive government contracts.  And you have, I forget the name of the CEO, but when Biden does his infrastructure bill, signs  it. He's standing next to, what's the name of the woman, who just eradicated all sorts of jobs [inaudible 00:21:17] right in front
of him. Yeah. I'm afraid that's what's happened is Schumer's famous line from  2016 has become the defacto policy. He said, "For every blue collar worker we lose in  western Pennsylvania, we're picking up two Republicans in the suburbs," and that goes for  Michigan, Ohio, and Wisconsin as well. So that's essentially telling people, you're writing  them off. That there are more suburbanites than there are rural working-class people or  working-class people in general. By the way, it's not just ru
ral. You're talking about Staten  Island and Queens and other places in heavily urban areas. We found no difference, by the way,  in people's attitudes, whether they were urban, rural, or suburban amongst the white  working-class. People are pissed. They don't want to be buffeted from their  job. I can't remember who just wrote this, a recent study, and they were asking people what  they felt about the economy and almost to the person, they said, "Greed, it's rigged." It's  rigged. People feel i
t's rigged against them, and that the Wall Streeters are walking off with  the money and the CEOs and that the politicians are too eager to get campaign donations and  frankly also have their eye on, well maybe get a good Wall Street job after they leave office. Too  many people are geared up that way, and it's now permeated into the political culture. Everybody  feels it, unless they're really benefiting from it, and that's a very small number of people. Well, they feel it because it's true. It
's not a feeling, it's a fact. And so not only do  these corporations lavishly fund politicians like Barack Obama or the Clintons, but  they take care of them as soon as they leave office. There's payback. Speaking fees,  the hundreds of thousands of dollars, insane donations to their foundations, which allow them  to spend their life flying around in Learjets, et cetera. It's just legalized bribery. Well, again, I keep asking myself, but why do they want to lose? Why would so many Democrats  in
swing states with large rural populations, working-class populations, why do they want  to lose? Sherrod Brown put out three essays with the title Wall Street's War on Workers. He  did this before the 20 election he did in '17, '18, '19. Why don't people see that they could  actually do something to help working people by stopping these mass layoffs opposing Wall Street  using that framework? That's what I'm saying. What blew my mind is I believe that that framework  was incredibly powerful. It
showed up in all the statistical work that we did to sort of prove  that it was powerful. Then you get a guy like Mike Luxe, the Democratic pollster. He's no  radical. He did this report just recently a year ago called Factory Towns, and his conclusion  is this. I'm close to the exact phrase. He says, "The working-class wouldn't care that much about  the woke thing if the Democrats gave a about the economy." Substitute the word mass layoffs for  economy, and I think he's exactly right. And now
we discover that Sheriff Brown's onto this  framework as well. What's holding everybody back? Well, plus they'd win by a landslide if  they actually push through FDR type new Deal reforms. But the Democratic leadership  as it exists, 80-year-old Biden, Nancy Pelosi, they wouldn't exist because they're creatures  of Wall Street and their power comes from one that they're funded by corporations, but  even more importantly, they control the flow of campaign or corporate donations to  anointed candi
dates. So I think they'd rather go down in their privileged first class cabins  then become politically irrelevant because if there was a pivot where they actually challenged  corporate power, the democratic leadership as it exists presently would be eradicated. In a fair  election, not one saturated with corporate money, Bernie Sanders would've beat Hillary Clinton  and probably would've beaten Donald Trump. I agree. I agree. The story in the book  that we stumbled on there, really saddening, i
s the story of Mingo County, West Virginia.  Can I dive into that one a little bit? Yeah, sure. This is the opioid capital. Yeah. So Bill Clinton wins Mingo County, a small county in West Virginia.  At the time that Bill Clinton won, it had 3,300 coal jobs, he got 69.7% of the  vote, a landslide. Every four years thereafter, the Democrat got less and less and less and less,  and Biden ends up with 13.9%. that's a pathetic amount. You'd get more than that by far. If  you were a writing candidate
in that area, I could run your campaign and get you more than  13.9%. So this county has an incredible history. This is where Mother Jones came and spoke during  the Cold Wars of the early 20th century. There was basically a war going on there between the United  Mine Workers who was trying to organize and the thugs that were hired by the coal industry. In  fact, state and federal troops had to come in there to basically put it under martial law. Well, there was an armed uprising in Player Mount
ain for three days. They fought them off. Yep. And finally with the New Deal in Roosevelt, unions were recognized. The United Mine Workers  started to prosper. Workers started doing better, and they rewarded the Democrats with their votes.  All right, so what was going on between 1996 and 2020 in a county that has 23,000 people in it?  The coal mining jobs went from 3,300 to 300, so this was the perfect place for the Democrats  to do a real workers work progress administration, go from town to t
own, ask people what they need,  and then create public jobs to produce what they need. They're going to say, we need better  schools. Okay, build new schools. Our roads are falling apart, build new roads. We don't have  internet. Wire them up. We need better healthcare facilities, produce more healthcare facilities.  The strip mining legacy has to be cleaned up. Bring conservation corps in, clean those places  up, get the rivers below or polluted, fix them. There were tens of thousands of jobs
to be  created in Appalachia in West Virginia and thousands that could have been created just  in Mingo County, and the Democrats didn't do anything nor did the Republicans, but we didn't  expect them to do anything, so they relied on where they rely on the private sector. What did  the private sector do to enterprising? You can't this up. A guy who just got out of prison being  a pimp, set up a drugstore, got some doctor to fill out prescriptions so that he could put out  a prescription per min
ute, and then a second drugstore competed with the first. That's free  enterprise, right? You come in and take advantage of the market. This little county became the pill  Mill of America put out more. That one drugstore was the 22nd largest distributor of opioids  in the whole country. You're talking New York, Chicago, Los Angeles, Houston, no,  Mingo County, West Virginia in the top. Number 22. You think these people are going  to reward the Democrats for creating a huge handful of jobs in a d
rugstore. This is,  if I were to try to write a spoof about how to destroy yourself politically, I couldn't  have made this up. And then on top of that, Wall Street came in and fed on the carcass  of these coal mines that were going under and tried to rip the health benefits away from the  coal mining retirees, and that was all legal. UMW Union fought them very hard, but a lot of coal  miners lost their retirement healthcare benefits. And we have to stop that. Progressives have to  stop... You c
an't call yourself a progressive and not fight mass layoffs and not fight Wall  Street. You just can't. You can't say, "Oh, this is all okay, and the system's going to work  itself out by itself." It doesn't. Left to itself, it flows to the bottom, not to the top. It takes human will undo that regulation that allows those stock buybacks. Don't let them put  debt on a company when they do a leveraged buyout, a corporate rate. Don't let them use borrowed  money. They have to use their own money. T
hey play a completely differently, and there wouldn't  be immediate mass layoffs. The other big fiction, then I'll stop pontificating here, is that, "Okay,  get an education, get a job in high-tech." This is what we've told people to do. "Maybe you can't  do it, but your kids will do it and then things will be fine." Have you have a bright new  future stable employment? Well, last year, the high-tech industry did probably a hundred  billion dollars in stock buybacks. How did they pay for it? The
y did 260,000 mass layoffs.  260,000 workers lost their jobs in the high-tech sector through mass layoffs another 50,000 so  far this year. These are the jobs of the future. Don't get me going. Then people say, "Well, no,  no, no, you can't... It's AI. It's new technology that's doing it." Baloney. There's no indication  at all that any of these jobs are lost to AI. Oh, I take it back. Maybe the dismissal notices  were sent to people through an AI type program, but that's not why these jobs were
lost. Stock  buybacks are why these jobs were lost. The history of technology is that, yes, jobs change, but it's  over a much slower period of time. There've been dozens of studies done on technology that's not  the driver of mass layoffs and job insecurity now. By the way, I don't think trade is either. I think  it's the deregulation of corporations. Of course, the corporate trade agreements, the kind of which  you're very familiar with that have taken place over the years. This all can be st
opped. Human  will created this, human agency created this, human agency can stop it, but we need a movement  to deal with it, and that's got to be built. So the Democrats and the Republicans in every  election fight over this very narrow slice of the electorate that could have undecided voter,  which we're seeing again, and as you point out in the book, they write off a whole segments of  the electorate, and I am just going to read from the book. "The Democrats currently are leaving  behind som
ewhere between 20 and 50% of white working-class non Democrats who are moderately to  very liberal on the most divisive social issues. This translates into approximately 10 to 25  million socially liberal white working-class people who are non-Democrats. Given how close  elections currently are, neglecting these workers should be considered political malpractice." I'm really glad that you spotted that one. That was one of the most amazing findings we  came up with because we broke the electorate
. There's data long-term, not like polling before  an election, long-term voter surveys where you could break the electorate into seven different  political classifications. So we put all the Republican leaning people who were working  white working-class into one pool, and then we ran all these questions through that pool,  and it was stunning. It was stunning how many of these rabid Republicans and heavily leaning  Republicans were, in fact socially liberal. But the thing that triggered them,
the one problem  with these long-term surveys is they're not put together by people like you or Gretchen. So  they don't have a lot of job oriented questions, but they have a couple that hint that way. One  was on environmental job loss and the other one was on trade job loss, and the responses  to those questions went through the roof. People were really angry and worried about those  kinds of issues. So that again, I think goes back to the fundamental point. There are millions  of socially lib
eral, so-called Republican conservatives who are freaked out about job loss  and they want some kind of job stability and they don't. Here's the other little thing we noticed.  We do a lot of work with trade unions and a lot of workshops, and what I've noticed is that when  people feel that the union can't protect them and that the Democrats can't protect them, they lean  towards the Republicans figure, "Well, we might as well do deregulation or something because that's  the only group now that
could help protect my job. Let's help the companies." Maybe they'll protect  their jobs. That's what happens when you have only 6% of the private sector in trade unions. That's  what happens when the Democratic Party doesn't fight against mass layoffs. People start leaning  to the company for some sort of protection. And we have to talk about trade deals because  it was Clinton that pushed through NAFTA. It was Hillary Clinton that was trying to push through  the TPP. These trade deals essential
ly break down barriers so that sweatshops in China, Vietnam,  Mexico can mass produce products and they can be brought back into the United States at virtually  no cost. When they drive the new GM trucks up for Monterey, Mexico. They still sell at the same  price, but instead of the money going to workers, it goes in the pockets of the CEOs and the  upper echelon of these corporations. But these trade deals have been devastating to the  working-class, and the working-class knows it. Oh, absolute
ly. The idea of structuring a trade  deal to enrich corporations is obviously why the corporations help write these trade deals, and  it goes even more so for financial services, the Wall Street part of it, but we're finding  that behind a lot of these trade deals, the drive for profits to use them is not to fend  off the competition, but actually to create more cashflow for the stock buybacks. I'd like to  see somebody add a little clause to a trade deal that says, guess what? You can use this 
trade deal, but you can't do any stock buybacks. We're not going to allow you to recycle money  that you make back into stock buybacks. We're not going to allow you to lay the other thing  saying, guess what? No forced layoffs add. Add those two things to a trade deal the  way you could to federal contracts, and you change the way trade happens globally.  But yes, they've been remarkably devastating, but in more recent years, they're often tied like  with to the desire to get more cash flow for
stock buybacks. So that little loophole that started  in 1982, they've driven a truck through it, the same Mack truck that's coming up from Mexico. I want to talk about the Republican Party. I thought this was a very important point.  In your book, you talk about McCarthy's as ruthless anti-communist campaign, a campaign that  most liberals also supported Sidney Hook. I added that. That's not you. In less feral in forms, the  working-class masses did not create the federal loyalty oath institut
ed by President Truman's  Democratic administration, and those masses did not create the blacklist that harmed the careers  of so many in government education in Hollywood for McCarthy as the most primarily an elite  phenomenon, not a mass phenomenon. And you say the same is true today. Explain what you mean. Yeah. I got turned onto this reading a book called The Intellectuals of McCarthy by Michael P.  Rogan and the Pluralist, the Political Science and Sociology establishment of basically the '
50s  and the '60s. We're trying to explain how did totalitarianism rise? Why do you have Mussolini  and Stalin and Hitler and then McCarthy? These people have no trash, minorities, trash, all kinds  of rights, civil rights of all kinds. Why do you have them? Well, the theory simply put was masses  run wild that this happens because the masses run wild, and the proof of McCarthy's masses run wild  was Wisconsin was a populous state. It had a lot of, had a populous governor, Congressman had a  soc
ialist mayor in Milwaukee, and it grew out of the populous movement of the 1880s and 1890s and  flowed into, and it still had remnants of that. And McCarthy was popular in Wisconsin, and  therefore the masses run wild, explains McCarthyism. Well, this guy Rogan did something  which I tried to emulate in writing this book, which is let's take a look at what actually  happened in the voting patterns. And he looks at the old populous districts, and it turns out they  voted against McCarthy. That's
not where he got his strength. The ideology didn't come from the  populace. The ideology came from the conservative Republican intellectuals. The base, the most  fervent part of his base were the small towns, doctors, lawyers, real estate agents and  such. And, he then kicks it up another level, he says the elites allowed him to do  what he did in Washington, his hearings, his attacks, his ruining people's careers. As soon as he started to attack the army, Eisenhower for the first time turned on
him, and  in six months, McCarthy was gone. For example, had the Republicans turned on Trump, we wouldn't  be talking about him anymore, right? Anyway, we'll get to that in a second. So his claim was, it's an  elite phenomenon. So we then started to look at, well, you mentioned January 6th. Well, let's  take a look at that. Well, there's been some great work. On the surface, it looks like it's  a white working-class riot, and it would support this pluralistic argument that it's the masses  run
wild. Well, it turns out that the University of Chicago has a project where they look at the  demographic characteristics of those people who are arrested, and they're disproportionately  white collar and business owners. Let me just read the figures. I have them  right in front of me. 93% were white, 54% were white collar or business owners, only  22% were blue collar, non-business owners. No college decree and 25% at a college degree. It makes sense. What I see when I look at Trump, I see a ba
sket full of lawyers, thousands of them. Well, they're pretty deplorable. Thousands of them. That's the guts of his power  structure. I don't see a working-class person standing up anywhere front. Yeah, they put them in  their audiences and stuff like that to make them look a certain way, and he gets a lot of rural  support, but that's not the guts of his movement. And so I think that there's a strong parallel  between him and McCarthy, and I think it's the same thing if the elite opinion makers
in his own  party and let him run wild, which they clearly have done, you're going to have him succeed. But they stoke it because their actual policies have no popular support. There's  a reason they stoke this stuff. See, I think if we just dig down one more level,  what is the motivation for each of these people? Well, I'm sure it's slightly different, but one  of the clear motivations is money and power, and riding Trump's coattails. If you see a  path to money and power, you're going to do
it, and if nothing's blocking it, you're going to  keep doing it. And the policies that you support are money and power policies, policies that  you think you're going to get good donations, good jobs in the future, prominence, fame,  power, and glory. There are a few, I'm sure, Republicans actually believe what they're saying,  but I have trouble. I think what they're really saying is, "I want fame, power, and glory,  and this is the way I'm going to get it. Well, as you point out in the book,
however uneasy  that relationship might be. Sometimes the business community in Nazi Germany had no problem working  with the fascists, especially since after mayday, they shut down all the unions. Capitalism, and as  you point out in China, can function quite well with totalitarianism. I just want to read this  paragraph for Democrats in the media to blame The white working-class for this dereliction of  duty by Republican elites is to make the same mistake the plural is made with McCarthyism.
The  white working-class does not have the franchise on authoritarianism, racism, sexism, xenophobia,  homophobia, religious intolerance or violence. Authoritarianism can only irreparably damage  society. If political leaders refuse to hold the authoritarians to account. Liberals too can  become unwitting enablers by blaming the white working-class for the sins of these elites. Good paragraph. Yeah. Well, you wrote it. It's all right. Yeah. Well, I stand by it. But you nailed it. That's it. And
that is the  kind of the most crucial political problem of our time in that unless the Democratic  Party is willing to accept responsibility, we're finished. when Trump comes back into  power and he may very well come back into power, it isn't going to be like the last time  and it's going to become a banana republic. Well, look, I came up through the 1960s, and  let's face it, there was a lot of chaos going on there, and there was a lot of struggle, but I  never thought that the democratic syst
em itself was going to break even with all the bombings  and the assassinations. it was just like 1968. I never want to live through that again, and  I was at the Democratic National Convention. I was in the South. I saw it firsthand, but I  had faith in the underlying support that people had for democracy. I am worried now because  after 40 years of job instability, you've now threatened the very essence of what people need  to live to not spiral down. The death spiral you talked about for a co
mmunity is also the death  spiral for each person feels really letting their family down, letting themselves down. 40 years of this, and I think that this system is now threatened. I hate to pin all my hopes on the  labor movement, but that's where I am, and I think that Shawn Fain at the UAW is onto something. He's  the first labor leader in decades that speaks for the class as a whole. When he talks, when he got  up and said, "Billionaires should not exist," just like that. That's a sign to me
that he understands  that a movement can be built. What I'd like to see him do is to create, in a sense, a nonpartisan  political movement for like a dollar a month or something anybody can join, and a very simple  platform. No more mass layoffs, no more stock buybacks, no more leveraged buyouts. Very simple. I think millions of people would join and that would give him leads to organize. Look, I'm  trying to get into the ear of his assistance and comrades, but something has to break where  ano
ther movement gets built because there are not enough shared Browns or Bernie Sanders  or Elizabeth Warren. They're just not enough, and to get them to be enough, you need something  to I think come up from below. And what I saw, I was impressed with what happened with the UAW,  and it was also the communication. Workers of America are very, very good. By the way, they run  courses for a thousand workers a year based on my runaway and equality book, and now based on this  book as well. They real
ly... Day-long courses, they spend like a million dollars a year educating  their own members to run through these courses, that there's some hope there. But we need a lot- Well, that's what a lot of people forget. One of the fundamental roles of  labor in society is education. Exactly. That was a trusted source of information.  It still is a trusted source, but with only 6% of the business sector and unions, we got problems.  We're better off in the public sector, but you need that private sect
or organized and where  you started this conversation with the NRB laws, if that goes, you are not going to see hardly any  more union organizing, and you're into the modern form of feudalism. You're back to the Mother  Jones period where you can't organize. It's going to be against the law to organize, and we  can't head in that direction. The scary thing is you've got a guy like Jamie Demon from a CEO of JP  Morgan Chase, supposedly liberal guy. He says, oh, we can work with Trump. He's alread
y said it. Lloyd Blankfein said, "If Bernie Sanders was the nominee, he'd work for Trump, one  of a major Democratic Party donor." What's interesting, the UAW strike was really  popular. It's been a long time since the strike was actually a majoritarian support for a strike,  so there's something out there where people, it's that basic system, a little model I put  forth before, if you've got all the power with corporations and the Democrats aren't protecting  you, then you got to have it at lea
st a union. The Starbucks workers, we're working with these  Amazonian United workers right now providing education. They understand. They're telling  me I'm too conservative. I'm not attacking capitalism enough. He says, "Workers are totally  comfortable attacking it because they're living it every day." They're basically throw away people.  They're treated like you can just toss them away. Work them to death, and then get somebody else. We  need some sort of an uprising that is structured. Not
another [inaudible 00:51:44] Square, Arab  Spring or We Are the 99%. We need it structured. You need an organization that actually has  the infrastructure to hold us together- But we also need an organization that has  the power to strike, because that's the only weapon working-class people have to fight  against their overlords. That's it, the strike. Yeah. If they take that away,  you're going to see violence. Well, that's what we're watching it right  now with the NLRB. That's what they're d
oing. Anyway. All right. On that hopeful note. I'm going to be a little optimistic.  For the listeners here, I'm trying to be optimistic. The book's not as  pessimistic as we are being right now. Oh, I don't know. I think we  better face what's in front of us. You're right. We're not going to resist by selling hope. You're right. That's not our job. Our job is to sell truth. Not sell it, but say it. You can't build something unless you face up to it. No. I learned that in war. People had a polly
annish view of their own immortality  didn't live too long. We have to see what's in front of us and then we have to resist. But I  highly recommend your book. I think you nailed it. I think it's a really, really important  book, and I want to thank you for writing it. That was Les Leopold, co-founder of the Labor  Institute and author of Wall Street's War on Workers: How Mass layoffs and Greed are  Destroying the Working-Class and What to do About it. I want to thank The Real News Network  and
its production team, Cameron Granadino, Adam Coley, David Hebden, and Kayla Rivera.  You can find me at chrisedges.substack.com.

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