DECEMBER 19, 2022
Federal Reserve chair Jerome Powell is profit’s prophet and the corporate media are his cultish devotees, joining hands to sacrifice working people. In this cult, profit is sacrosanct.
When inflation hits, this is because of the conditions upon which profits are made. It’s not the fault of profit-making itself. The problem is a “labor shortage,” or “too much demand,” which forces the invisible hand to raise prices—and not a shortage of dignified work, or a surplus of people living paycheck to paycheck. Maximal profits are a given, and scarcity for ordinary people is a requirement.
