Capitalism vs Socialism is NOT Markets vs Planning
Economic Update with Richard D. Wolff
00:00
Planning Versus Markets
The business community, the 1% of the employer class, they didn't mind because the money going into the stock market did bid up those pieces of paper. And since the employers are the people who own most of the shares, they were making out like bandits. So now the business community went to what you might call their plan B, jack up the prices for the goods and services. Don't be fooled. The ideologues, the economists, the reporters who talk about money making the inflation are doing a very good service for the business community that don't want you to understand.
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