Inflationary crises are the strongest threats to the capital order

Evidence

Indeed, economists and anyone concerned about the stability of capitalism will hope that workers do not organize to obtain wage hikes (in excess of increases in labor productivity), to avoid triggering the infamous wage-price spiral that could cripple our system. Out-of-control prices risk eroding consent toward the economic order, leading to strikes and clashes, and even the questioning of the very pillars of capitalism. Inflationary crises are among the strongest threats to the integrity of the capital order. These are the moments when people recognize how a society that has decided to produce and distribute goods through the price mechanism of the market is neither efficient nor just; the rationing criteria is all about who has the money. It’s how we accept a situation in which a minority can hoard goods while the rest can barely eat. — Clara E. Mattei, Escape from Capitalism, 277

Categorization

• XREF: connects to: Inflationary crises endanger capitalism by exposing its unjust distribution of goods. — Clara E. Mattei, Escape from Capitalism: An Intervention, 277; Inflation threatens the contractual basis of capitalism itself — Clara E. Mattei, Escape from Capitalism: An Intervention, 12; Inflation triggers both social unrest and questioning of capitalist legitimacy (+1 more)

Broader Connections

• Economists treated inflation as a threat to the capitalist system itself. #corroborates (0.88) — Clara E. Mattei, Escape from Capitalism, 12
• Inflation threatens the contractual basis of capitalism itself #corroborates (0.82) — Clara E. Mattei, Escape from Capitalism, 12
• Inflationary crises endanger capitalism by exposing its unjust distribution of goods. #corroborates (0.80) — Clara E. Mattei, Escape from Capitalism, 277
• Inflation triggers both social unrest and questioning of capitalist legitimacy #corroborates (0.80)