“Saving Carthage”-The Class Formation of a Cold War Deep State (Part One)
Tag: Keynesian
Inflation and financial risk
Is inflation coming back in the major capitalist economies? As the US economy (in particular) and other major economies begin to rebound from the COVID slump of 2020, the talk among mainstream economists is whether inflation in the prices for goods and services in those economies is going to accelerate to the point where central banks have to tighten monetary policy (ie stop injecting credit into the banking system and raise interest rates). And if that were to happen, would it cause a collapse in the stock and bond markets and bankruptcies for many weaker companies as the cost of servicing corporate debt rises?
Inflation and financial risk
Class Struggle Built the Welfare State!
By Asbjørn Wahl
The welfare state wasn’t created by enlightened dialogue or “sensible” moderate politics. It was a concession won by workers against bosses through decades of struggle.
Class Struggle Built the Welfare State!
The Semantics of “Socialism” in a Changing World
The Semantics of “Socialism” in a Changing World
Around the world, the terms “Socialism” and “Communism” suddenly took on new meanings, once again. Socialism referred to patriotic, anti-Soviet political organizations that sought to get elected, and gradually transition toward a more egalitarian society, one step at a time. Communism referred to the parties aligned with the Soviet Union that adopted Marxism-Leninism as their ideology and ultimately sought to seize power in a revolutionary situation. However, the Communist Parties were also always critical of “ultra-leftism” and calls for violence, and the Soviet Union urged them to not be parties of extremism, isolated from the masses of people.
Ms. Cat’s Chronicles 