[1] He argues that the power of investments banks and other financial entities have led to income inequality and served as the driving force behind the creation of overwhelming debt obligations seen at the state and local level.
[2] The result, Lerner says, is a consolidation of economic and political power in the hands of a small number of banking and finance executives.
Stephen Lerner is the son of a secretary and a psychiatrist and the grandson of Jewish immigrants who fled anti-Semitism and the pogroms of Russian and Poland in the early 20th century.
After high school, Lerner became an organizer with the United Farm Workers of America and worked on the grape and lettuce boycotts in New York.
[4] He argues that the power of investments banks and other financial entities have led to income inequality and served as the driving force behind the creation of overwhelming debt obligations seen at the state and local level.
[5] The result, Lerner says, is a consolidation of economic and political power in the hands of a small number of banking and finance executives.