Anti-inflation policies sparing workers require challenging capitalism’s foundations

Evidence

Solutions to inflation that don’t presuppose workers’ sacrifices exist, to be sure. Think about the price caps and taxes on corporations that have been enacted, especially in moments of political emergency, for example, during the two world wars. However, given that they operate counter to the logic of capital accumulation, they require a political battle that ultimately implies questioning the foundations of our economic system. If ever introduced, they may initiate the road toward a different economic organization. — Clara E. Mattei, Escape from Capitalism, 278

Categorization

• SEED: An essay on historical price caps and corporate taxes during world wars as a precedent for non-austerity anti-inflation policy.
• XREF: connects to: Export-led growth structurally demands wage suppression and anti-inflationary monetary dominance — Mark Blyth, Austerity: The History of a Dangerous…, 368; Economists treated inflation as a threat to the capitalist system itself. — Clara E. Mattei, Escape from Capitalism, 12; High interest rates deliberately broke workers’ power to enforce subordination — Clara E. Mattei, Escape from Capitalism, 154 (+5 more)

Broader Connections

• Price caps and corporate taxes are anti-inflation tools that require fighting capitalism itself. #expands (0.92) — Clara E. Mattei, Escape from Capitalism, 278
• Monetarist anti-inflation doctrine is politically motivated moral condemnation of welfare-state demands #exemplifies (0.85) — Jessica Whyte, The Morals of the Market, 337