New InternationalistThey Want To Make You Poorer
Interest rates have been hiked yet again. For many this will mean more sharp cuts to the money they have to live on; for some it will meaning losing their jobs or their homes. #CostOfLiving #CostOfLivingCrisis #Inflation
Central bankers say it’s the only way to tackle inflation. People are getting paid too much! Only a recession can tackle cost pressures. Politicians are giving them (the bankers, not the public) their full support. Nothing to do but bite the bullet, right?
WRONG. Inflation has little to do with (below-inflation) wage rises. The real causes: #fossilflation supply chain shocks, the profit-price spiral, have been left untackled. #ClimateChange #capitalism #corporategreed
NI’s editor @nickmdowson took a deep dive into the cost of living crisis, the myths the establishment are telling us about inflation, and what we can do about it, in our recent issue ‘Where’s our slice? The Cost of Greed Crisis’
You can read the keynote piece here https://newint.org/immersive/2023/01/11/why-global-cost-living-crisis-causes-solutions but for our full Big Story grab a copy of the mag.
It includes infographics, a look at the movements fighting back myth busters and a look at the new round of austerity the crisis is being used to impose, and the wealthy who are chuckling as they full their pockets at our expense.
It’s available with a subscription or through our Ethical Shop and also includes all our usual spread of other news and features. https://newint.org/issues/2023/02/14/cost-greed-crisis
Read it? Let us know what you made of it!