Robert ReichSay it with me: To control inflation, we must take aim at corporate profits, not working people.
SSFC KDT (MOVED)@rbreich The economic ratchet effect strikes again
Pressure makes prices go up, reducing pressure does *not* make prices go down.
Pressure makes wages go down, reducing pressure does *not* make wages go up.
@rbreich (thus, the "ratchet effect" -- wall street and main street are connected by two racks and a ratchet. when main street does well, wall street does well, but when wall street does well, main street does not necessarily do well, because the ratchet stops the distance between the two from contracting, only expanding.)
Marxist Freemason@rbreich sadly the news that's supposed to inform people is kept behind paywalls & other barriers. This is by design, not serendipity