The Dig: Inflation Politics with Tim Barker
Jacobin Radio
00:00
Is Hegemony at Work in the Wage Price Spirale?
There were indeed alternatives to austerity that the Fed and the government could have pursued at the time. But not only did they not choose to pursue them, but they didn't really pursue them because in fact, it appeared as though there was no alternative according to neoliberal dictum. "Hegemony works partly by displacing certain options which are technically possible off the table," he says.
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