Capitalism Raises Prices Instead of Cutting Wages (Inflation Explained by David Harvey)
- 2 years ago
Prof Harvey details the history of capitalists raising prices as a way to boost profits instead of cutting wages, which would lead to uprising workers. This is a key part of inflation.
"What's happening to wages, what's happening to inflation and are the capitalist class themselves using the inflation rate as a good way to manage wages in relationship to their own profit rates? So this is one of the things that I think we should look for right now." - David Harvey
This clip is from David Harvey's Anti-Capitalist Chronicles S4 E05 "Inflation & Class Struggle". Watch the full episode on our channel at https://youtu.be/n6sZWcP9iSk
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David Harvey's Anti-Capitalist Chronicles is a @Democracy At Work production. To our supportive and generous Patreon community: thank you for supporting this podcast. Your contributions help us compensate the staff and workers it takes to put each episode together. Thank you for being part of the ACC team!
If you would like to support this project and see more of Prof. Harvey, visit us at www.patreon.com/davidharveyacc.
Follow us ONLINE:
Website: www.democracyatwork.info
Patreon: www.patreon.com/davidharveyacc
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Visit our books page: www.democracyatwork.info/books
David Harvey's new book "Anti-Capitalist Chronicles" is available now: https://www.plutobooks.com/9780745342092/the-anti-capitalist-chronicles/
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Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff!
www.democracyatwork.info/books
“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly
http://www.lulu.com/spotlight/democracyatwork
"What's happening to wages, what's happening to inflation and are the capitalist class themselves using the inflation rate as a good way to manage wages in relationship to their own profit rates? So this is one of the things that I think we should look for right now." - David Harvey
This clip is from David Harvey's Anti-Capitalist Chronicles S4 E05 "Inflation & Class Struggle". Watch the full episode on our channel at https://youtu.be/n6sZWcP9iSk
________________________________________________________________________________
David Harvey's Anti-Capitalist Chronicles is a @Democracy At Work production. To our supportive and generous Patreon community: thank you for supporting this podcast. Your contributions help us compensate the staff and workers it takes to put each episode together. Thank you for being part of the ACC team!
If you would like to support this project and see more of Prof. Harvey, visit us at www.patreon.com/davidharveyacc.
Follow us ONLINE:
Website: www.democracyatwork.info
Patreon: www.patreon.com/davidharveyacc
Facebook: www.facebook.com/democracyatwrk
Twitter: www.twitter.com/democracyatwrk
www.twitter.com/davidharvey
Instagram: www.instagram.com/democracyatwrk
Shop our union coop-made merch: www.democracy-at-work-shop.myshopify.com
Visit our books page: www.democracyatwork.info/books
David Harvey's new book "Anti-Capitalist Chronicles" is available now: https://www.plutobooks.com/9780745342092/the-anti-capitalist-chronicles/
________________________________________________________________________________
Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff!
www.democracyatwork.info/books
“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly
http://www.lulu.com/spotlight/democracyatwork