What's the Difference Between Inflation Now and the 19 Seventies?

Rising rents, rising food prices, rising gas prices — the price of basic necessities has been going dramatically up. Pundits are wringing their hands, worrying about a return to the tumultuous 1970s, while the Federal Reserve has begun a series of interest rate hikes designed to slow the economy down, and potentially put people out of work. Political economist Sam Gindin discusses the need to fight capital’s plan to make workers pay for inflation — and to shift the debate to more radical demands for public ownership of production.

Resources:

Sam Gindin, Inflation: Reframing the Narrative The Bullet April 4, 2022

The post Who Pays for Inflation? appeared first on KPFA.