Central bankers raise interest rates knowing recession results, to enforce labor discipline

Evidence

History reveals that, far from being eternal, our economy is fundamentally fragile and based on political decisions that enforce specific social relations. When the central bankers of this world raise interest rates knowing that the practice will cause an economic recession, they do so out of at least one particular concern: if people no longer accept their condition as low-paid wage laborers without secure employment, our economic system would collapse. They are right. — Clara E. Mattei, Escape from Capitalism, 39

Categorization

• QUESTION: This is the core causal claim to stress-test against her later case studies: is the disciplining motive documented or asserted? Worth chasing across Italy, Chile, Argentina cases.
• SEED: Article angle: ‘Why the Fed wants a recession’ — the class-discipline reading of interest-rate hikes as deliberate, functional policy rather than technocratic error.
• XREF: connects to: Central banks trigger recessions to enforce workers’ acceptance of wage labor. — Clara E. Mattei, Escape from Capitalism, 39