Tag: Labour economics

A Caricature of Marxism and Imperialist Economism: 5. “Monism And Dualism”

Tina Marie (Ms. Cat)

A Caricature of Marxism and Imperialist Economism: 5. “Monism And Dualism”

But this Kievsky argument is wrong. Imperialism is as much our “mortal” enemy as is capitalism. That is so. No Marxist will forget, however, that capitalism is progressive compared with feudalism, and that imperialism is progressive compared with pre-monopoly capitalism. Hence, it is not every struggle against imperialism that we should support. We will not support a struggle of the reactionary classes against imperialism; we will not support an uprising of the reactionary classes against imperialism and capitalism.

Inflation and interest rates: the US experience

Tina Marie (Ms. Cat)

Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?

Inflation and interest rates: the US experience

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

Tina Marie (Ms. Cat)

As American monopolies fix prices higher and higher, the Federal Reserve bizarrely has concluded that employment is to blame for inflation. For months, Fed chairman Jerome Powell has increased interest rates in the hopes of throwing workers out in the street and thus supposedly reducing prices. While I’m sure that corporate, donor-bought congressmembers appreciate his struggles in the class war against the poor and middle class, it’s all a crock.

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers