What causes inflation? Economists Radhika Desai & Michael Hudson explain
Geopolitical Economy Report
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Private Monopoly - The Major Cause of Price Inflation
The main inflation has been on infrastructure services, education and medical care. The whole dynamic of industrial capitalism a century ago was to lower the cost of basic needs such as retirement income or health care. Almost every one of these privatizations has been a form of privatization in which they have created private monopolies.
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