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Economic Update with Richard D. Wolff
00:00
What Kind of a Treatment of the Working Class Is It?
Inflation, terrible inflation in many parts of the world. President Biden and his officials try to suggest that this as well, there's nothing special from Oracle, it's everywhere. Inflation very low in Japan. Inflation is very low in China. It's under 2% in China, not 8.5, 9, 10%. Adding to the burden of inflation that's out of control are rising interest rates led by the Federal Reserve here in the United States. That means the poorer half of our people have prices going out of control that they can't afford. What kind of a treatment of the working class is it?
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