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Inflation Politics with Tim Barker

The Dig

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Is There a Hard Money Constituency?

I mean, it does suggest that something highly disfunctional and weird and contradictory is going on with capitalism, absolutely. But in a way, it's an old contradiction, which is that under capitalism, a full employment and the well being of the working class has always been hostage to a return to the capitalist. And so then they have a sort of interest and a stability, which ultimately depends on, you know, capitalists finding returns that they find satisfactory. I think like the new and sort of poorly understood part of the puzzle is that there's not really any big hard money constituency, right? So if we think about the 18 nineties, ah, there is a hard money constituency so powerful

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