Fear and loathing in Davos
Spectre of Communism
00:00
The Class Struggle Is Already Inflamed by the Economic Situation
The class struggle is already being inflamed by the economic situation. The ruling class has no solutions, they've got no ammo, if you like. Keynesian measures are out of the window. They can't use loose monetary policy because that would provoke more inflation. And so, therefore, really, the only avenue they've got is austerity. That's what you're seeing in Britain and it will be repeated across the world.
Play episode from 37:02
Transcript
