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That only makes sense if the wage price spiral that can drive inflation is also dismissed as an impossible grand conspiracy amongst workers. What we have curre
by mint2 3y ago
That only makes sense if the wage price spiral that can drive inflation is also dismissed as an impossible grand conspiracy amongst workers.
What we have currently, however, has components of a profit price spiral, which posts like this one are trying to dismiss as a grand conspiracy.
Neither type of price spiral should be dismissed as “impossible grand conspiracies” but yeah people like hand waving away inconvenient issues by claiming they’d require grand conspiracies.
Ref on profit price spiral:
https://www.marketplace.org/2023/07/28/do-corporations-take-advantage-of-inflation-with-a-profit-price-spiral/ https://www.marketplace.org/2023/07/28/do-corporations-take-...