
Inflation - How Markets Fail
Economic Update with Richard D. Wolff
00:00
Do You Have to Handle Things This Way?
It's the free market that gives to employers that choice how to respond to rising demand from the public, he says. 'We could say we're going to produce more because that gives people jobs, and then we're Going to distribute them' He adds: 'Well, is that really doable? Yes. Did it ever happen in the united states?' It would have meant allowing producers of food, clothing and shelter to jack up the price - as they are doing now. But why? We would have allowed it then,. Mr Cameron writes.
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