The Economics of Imperialism and Inflation w/ Richard Wolff
Guerrilla History
00:00
Is There a Risk to Capitalism in the Short Term?
Inflations occur if, and only if, employers choose to raise prices. A tiny minority of in capitalism set prices. That's less than one per cent of the population. Employees are excluded from setting prices. If you run o business, every decision you make has to be connected to the bottom line. You ask, of every option, will it enhance my profits, or will it diminish them? Doesn't mean you might not do something that diminishes them, say, in the short run or in an offsetting way. But everything is in terms of the impact on the rate of profit. The only honest answer can give you as much insight into how a business operates as possible.
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