LibsEatPoop [any] to the_dunk_tank • edit-23 years agoThey’re going to engineer a recession.imagemessage-square51 fedilinkarrow-up1135file-text
arrow-up1135imageThey’re going to engineer a recession.LibsEatPoop [any] to the_dunk_tank • edit-23 years agomessage-square51 Commentsfedilinkfile-text
> 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.
minus-squareMolotovHalfEmpty [he/him]hexbear25·edit-23 years agoMoney - Commodity - Money Basically any business transaction where capital buys something and then sells it for more than that. Capital accumulation by that method. link
Money - Commodity - Money
Basically any business transaction where capital buys something and then sells it for more than that. Capital accumulation by that method.