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Special: Adam Tooze on Inflation and the Cost-of-Living Crisis

Jacobin Radio

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The Classic Corporatist Strategy of Price Control

If you're going to formulate an alternative to that, it's incumbent on you to spell out what the agency is that's going to do this. The BIS literally has econometrics which track the way in which collective organization efforts are related to inflation rates. They explicitly aim to paralyze and neutralize class struggle but they might as well be saying that avalanche of prices was not by accident. Because if you have salaried employees at a point like that, even for heaven's sake, white collar workers acquire an interest in joining trade unions. And I really would challenge the current post-cansions tospell out what they think the agency is going to be that’

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