basquebromance
Diamond Member
- Nov 26, 2015
- 109,396
- 27,066
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- Banned
- #1
Republicans politicize inflation while Dems work to fix it. Let's tackle this together
Like so much else in Washington, inflation has become a political football. That's unnecessary.
www.foxnews.com
Defining inflation is easy. Inflation is when prices go up. But explaining what causes inflation is incredibly hard. The gulf between the simplicity of its definition and the complexity of its causes is what allows neoliberals like Manchin to pin inflation on government spending — in essence, using the specter of higher consumer prices to enforce austerity and protect accumulated wealth at the working class’s expense.
The basic idea put forward by neoliberals is that working-class people get scraps from their employers or the government for their own good, and that demanding anything more will just end up hurting them in the long run. In other words, the money tree of capitalism must be refreshed from time to time with the blood of workers and the poor.