The hypocrisy of capitalism...
We are told we should celebrate capitalism as its the best bet to ensure we can see full employment & well-paid jobs, via successful economic growth & development....
Yet, the Bank of England sees one key inflation risk as a 'tight labour market' driving wage rises; so wants to keep clamping down on economic activity to raise unemployment & reduce this inflationary 'tightness'.
Perhaps the sado-monetarists in Threadneedle St, aren't capitalists? /s
#capitalism
Emeritus Prof Christopher May /
npub1hr…f2ktj
2024-11-25 14:57:11
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npub1hr0x0gm9ksmvuvqwkyzfjuczv9pln83axuftxfhnq2maday69ypqtf2ktjPublished at
2024-11-25 14:57:11Event JSON
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