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Inflation and Class Struggle
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Manage episode 326251943 series 2566381
In this episode of Anti-Capitalist Chronicles, Prof. Harvey examines the current US inflationary crisis and suggests that its cause goes beyond the mainstream explanation of supply and demand. He argues that the crisis has been engineered by capital in an effort to protect profits, weaken the power of labor and discipline social movements. Harvey looks back at the inflation of the 1960s and the 1970s and the relationship that existed between wage rate, profit rate and inflation rate. He predicts this current wave of inflation to be with us for some time, and urges us to consider whether the resulting recession is caused by a lack of opportunity, or if it is simply a means for the capitalist class to seize more power and control.
102 episode
Seri yang sudah diarsipkan ("Feed tidak aktif" status)
When? This feed was archived on December 06, 2023 00:57 (). Last successful fetch was on May 24, 2023 13:27 ()
Why? Feed tidak aktif status. Server kami tidak mendapatkan feed podcast yang valid secara terus-menerus.
What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.
Manage episode 326251943 series 2566381
In this episode of Anti-Capitalist Chronicles, Prof. Harvey examines the current US inflationary crisis and suggests that its cause goes beyond the mainstream explanation of supply and demand. He argues that the crisis has been engineered by capital in an effort to protect profits, weaken the power of labor and discipline social movements. Harvey looks back at the inflation of the 1960s and the 1970s and the relationship that existed between wage rate, profit rate and inflation rate. He predicts this current wave of inflation to be with us for some time, and urges us to consider whether the resulting recession is caused by a lack of opportunity, or if it is simply a means for the capitalist class to seize more power and control.
102 episode
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