Inflation triggers both social unrest and questioning of capitalist legitimacy
Evidence
Inflation fuels social discontent, yes, but it can also spark the realization that our economy is not the best possible system in the best possible world. … In 1919, inflation drove citizens in Europe to loot stores, strike, and organize to take control of production. — Clara E. Mattei, Escape from Capitalism, 24
Categorization
Category: Causal Relationships
Related
- Inflationary crises are the strongest threats to the capital order (similarity 0.85)
- Inflationary crises endanger capitalism by exposing its unjust distribution of goods. (similarity 0.84)
- Austerity economists read inflation as a threat to capitalist subordination (similarity 0.83)
- Inflation is a social power contest over bargaining power, not a purely monetary event (similarity 0.81)
- Inflation threatens the contractual basis of capitalism itself (similarity 0.80)
- Inflation is a political class-war flare-up rather than a monetary phenomenon (similarity 0.79)
- Economists have blamed workers for inflation for over a century (similarity 0.79)
- Economists treated inflation as a threat to the capitalist system itself. (similarity 0.79)
- Monetary inflation was cast as merely a symptom of governmental and worker misbehavior (similarity 0.79)
- Twentieth-century inflation indexed labor’s power as a political actor. (similarity 0.78)
- Inflation is driven by record corporate profit margins, not excessive wages. (similarity 0.78)