Between the New Deal and the 1970s, Wall Street was tightly controlled. Taxes on the wealthy were high, worker wages were rising, and debt levels on consumers, companies and government were low. After finance wriggled free from these regulations private and public debt exploded, wages stalled, taxes on the rich fell and inequality soared.
As the country's largest full-service restaurant corporation, Darden plays a major role in setting national industry standards. And now, in the midst of a bitter shareholder fight, it has a decision to make. Will it tighten the vice on workers or will it change course and follow a high road approach to prosperity?
Wall Street is the epicenter of our environmental crisis. To ignore that fact is to risk dooming our other climate efforts to failure, or to use them merely as palliatives for troubled consciences. There's no other way to say this: Capitalism, as practiced on Wall Street today, is an existential threat to humanity.