the_dunk_tank • 2 years ago

They’re going to engineer a recession.

135

They’re going to engineer a recession.

LibsEatPoop [any] to

the_dunk_tank • 2 years ago

51 Comments

> Workers started unionizing, getting raises & taking advantage of a tight labor market to get a slightly better deal

> The ruling class freaked, now the Fed is engineering a recession ostensibly to get inflation under control, but it functions to destroy the growing power of labor.

> Capitalism needs a reserve army of labor to discipline and threaten active labor, and to be able to easily and quickly replace uppity workers with ever-more desperate people who will work for less and under worse conditions out of extreme precarity & fear of total immiseration.

Chat

FloridaBoi [he/him]
·
2 years ago
They only have two levers: money supply and interest rates

Source: I took the Econ AP exam 18 years ago

link
- culpritus [any]
  ·
  2 years ago
  :same-picture:
  
  link

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