Price caps and corporate taxes are anti-inflation tools that require fighting capitalism itself.
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
- XREF: Shows the political emergency exceptions where the ‘invisible order’ is briefly suspended — wartime proves alternatives exist. — connects to: Economists treated inflation as a threat to the capitalist system itself. — Clara E. Mattei, Escape from Capitalism, 12; Anti-inflation policies sparing workers require challenging capitalism’s foundations — Clara E. Mattei, Escape from Capitalism, 278
- SEED: Essay angle: the wartime price-control counterfactual as proof that anti-inflation without worker sacrifice is technically feasible.