Inflationary crises endanger capitalism by exposing its unjust distribution of goods.

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. — Clara E. Mattei, Escape from Capitalism, 277

Categorization

• XREF: Connects to the ‘invisible order’ thesis — inflation is a moment when the naturalized order becomes visible and contestable. — connects to: The 1847-8 crisis proved capitalism generates crises from its own internal workings. — David Harvey, The Condition of Postmodernity: An…, 1643; A crisis-free state capitalism would trap humanity in permanent hopelessness — Rolf Wiggershaus, The Frankfurt School: Its History,…, 1171; Economists treated inflation as a threat to the capitalist system itself. — Clara E. Mattei, Escape from Capitalism, 12 (+4 more)