Financial times and workers' power

Posted on Jun 8, 2022

The FT has published an excellent article Class war > rate hikes – which concludes with:

In other words, inflation will subside, not because it’s necessarily transitory, but because workers don’t have the power to make it stick around.

What surprises me is how openly this is discussed. Instead of the “the euthanasia of the rentier”, we got the death of labour – see the massive losses predicted by OECD below: