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It's almost like capitalist economic theory is completely bogus and Marx was completely right :thinkin
It’s the end of WW2, the world economy decides it’s important to reach full employment. By the 70’s, labor has gained so much influence that there are capital strikes. In comes neoliberalism. Now the world economy decides it’s important to control inflation. Wages no longer track productivity. Labor is kneecapped. Inflation is pegged at low annual rates like clockwork. 2008 crisis happens. The world economy is supposed to adapt again and shift . Just like 1945. Just like 1979. Instead, neoliberalism digs its heels in and just starts printing money like crazy. Inflation isn’t touched. Turns out printing money is not the direct cause of inflation. In 2020 Covid hits. The labor market gets a jolt straight to the heart as millions die, millions stay out of work, and other millions change jobs. Wages begin to increase. We see a boom in economic prosperity. Suddenly “inflation” skyrockets again.
I’m not gonna act like I understand all of this or like it’s super simple, but what is clear to me is that capital responds to labor gaining power by fucking around with and rearranging “the economy”, which we’re seeing again
It’s the end of WW2, the world economy decides it’s important to reach full employment. By the 70’s, labor has gained so much influence that there are capital strikes. In comes neoliberalism. Now the world economy decides it’s important to control inflation. Wages no longer track productivity. Labor is kneecapped. Inflation is pegged at low annual rates like clockwork. 2008 crisis happens. The world economy is supposed to adapt again and shift . Just like 1945. Just like 1979. Instead, neoliberalism digs its heels in and just starts printing money like crazy. Inflation isn’t touched. Turns out printing money is not the direct cause of inflation. In 2020 Covid hits. The labor market gets a jolt straight to the heart as millions die, millions stay out of work, and other millions change jobs. Wages begin to increase. We see a boom in economic prosperity. Suddenly “inflation” skyrockets again.
I’m not gonna act like I understand all of this or like it’s super simple, but what is clear to me is that capital responds to labor gaining power by fucking around with and rearranging “the economy”, which we’re seeing again
"When the people and the country have forgotten how to disagree, the national economy is said to be ok." - Subhumans, Work-Rest-Play-Die