> 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.

  • Steve2 [any]
    ·
    3 years ago

    You could just do a Keynes-style thing and start massive projects to provide employment at low interest rates, we all know how shitty all the infrastructure is and how much needs to be done for supply chains. But yeah, if you give up on government actually directing anything then you just get nothing. Feels weird living in the time period future marxists will say "disproved" neoliberalism (same way the 30s disproved classical economics and the 70s disproved a lot of Keynes' assumptions).

    • Sushi_Desires
      ·
      3 years ago

      we all know how shitty all the infrastructure is

      I am literally afraid to drive over bridges and overpasses these days, it's ridiculous