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The Richard Wolff Interview: Imperialism, Inflation, and the Mechanics of Capital (GH Teaser)

Rev Left Radio

CHAPTER

Capitalists Want More Profits

Capitalists need to make more money. That's why they're raising prices. The only relevance of the money is one of the things in their minds that led them to say now is a good time to do it because there was this extra money pumped into the economy. So having more money is not some some magic, weird cause of inflation. Only a right winger terrified about where the blame for inflation lies, is busy inventing this or gathering us up to put a hate on the federal reserve. But those are the reasons the employers are raising prices. All the rest of it is not a debate and a discussion.

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