> 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.

  • GrouchyGrouse [he/him]
    ·
    2 years ago

    Larry Summers gets the wall. Motherfucker did so much damage to the less fortunate with his policies. Also fuck the heavy lifting that saying it was in "London" does. I am not going to damage my brain by reading up on it, but I'd bet dollars to dimes this motherfucker was giving the speech in or at least adjacent to the "City of London" which is a city within a city, like the Vatican, but one where money is worshipped.