The rise in inflation has not been driven by anything that looks like an overheating labor market—instead it has been driven by higher corporate profit margins and supply-chain bottlenecks.
Political economy and new maps of power in 2022
News from Ukraine and Russia, Swaziland, France, Indonesia, plus two reviews of the new Gramsci bio!
Child care and elder care investments provide U.S. families more options and better lives. The added effect of boosting expectations of labor supply growth means that now would be a great time to undertake them to fight inflation.
Above all, we must intervene because we must see every crisis as a moment of both dangers and openings. It is the responsibility of the Left to not only try to limit the damage, but also to build toward a new world.
From a socialist perspective how should unions and social movements of the poor respond to the current crisis?
Should Jerome Powell put on his Paul Volcker outfit and push interest rates through the roof? I would argue that, while modest rate hikes are appropriate, it is too soon to bring out the heavy artillery.
Voters want elected officials to challenge corporate greed to lower prices.
The attorney general’s office will seek to apply the state’s price-gouging law to opportunistic price increases that use high inflation as an excuse.
Starbucks, McDonald’s, Chipotle, Amazon – all protect profits by making customers pay more. We need the political courage to say they can and should cover rising costs themselves
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