The latest inflation data published Tuesday shows that the working class confronts months of immense hardships as wages lose their value in the face of rising living costs. The ruling class’s attempt to make the working class pay for the crisis of capitalism is driving workers into struggle across the world, including in the United States, where teachers, nurses, and possibly railroad workers are launching powerful strikes.
Surging cost of living in US drives class tensions to the breaking point
Tag: mass unemployment
Pledging “pain,” Federal Reserve declares war on the working class
In his speech Friday at the Federal Reserve’s annual summit in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell made one thing clear: America’s financial oligarchy is determined to make the working class bear the cost of the deepening economic crisis.
Pledging “pain,” Federal Reserve declares war on the working class
Larry Summers warns unemployment must rise to cool inflation
Ex-Treasury Secretary Larry Summers warned that millions of currently employed Americans must lose their jobs in order for the Federal Reserve to succeed in its bid to cool inflation.
Larry Summers warns unemployment must rise to cool inflation
Related:
Larry Summers Says US Needs 5% Jobless Rate for Five Years to Ease Inflation
Maybe he can ship some more jobs overseas [/sarcasm]?! I’d suggest shipping him, overseas, but I wouldn’t even wish that on my enemy!
“Own Nothing and Be Happy”: The Great Reset’s Vision of the Future
“Own Nothing and Be Happy”: The Great Reset’s Vision of the Future
But do not worry – you will be property-less and happy in your open prison of mass unemployment, state dependency, track and chip health passports, cashlessness, mass vaccination and dehumanisation.
Ms. Cat’s Chronicles 