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Inflation Politics with Tim Barker

The Dig

Is the Workers' Bargaining Power a Problem for the System?

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Inflation happens as unemployment is falling, when business owners respond to workers increasingly successful wage demands by raising product prices. In cases where inflation is in fact wage related, even though it's driven by capitalists profit protecting response to wage increases, what should the left position be? Should we demand that the government use some sort of other tool to manage it? Do some left policies under capitalist conditions indeed risk sparking inflation, or even hyper inflation? Yes, that's the million dollar question. And i'm frustrated with people like rugman, or with this analyst at the e p i for not facing this question squarely,. you know, because we really do need an answer.

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