Here's the story the basic story. Corporations see now the need, and in some cases, the desperate
need to jack up their profits. Many companies, particularly small and medium ones, had a really
rough time over the last two years: he crash of 2020, the pandemic of the last two years. We've
never had a pandemic in public health and an economic crash at the same time. It was really
hard, and many of these companies did not get the kinds of profits they anticipated, they hoped for,
they expected, they had gotten used to. And now, they think it's their chance to make up for the
two years of profit they lost, and that's why they're raising prices: to recoup their profits.
Or to say the same thing in an honest english, they're ripping us all off as buyers to recoup
what happened to them, as if the buying public- you, me- also didn't suffer the last two years
all kinds of economic, political, psychological, medical difficulties. We too want to make up what
we lost, but they can use inflation to do it. And the irony is, it makes life even harder for us.
No wonder the country is ripped apart by conflict, disagreement, rage, anger, bitterness, violence.
It's not all about Mr. Tump. It's not even significantly about that. It's about much deeper
problems that this economy has, symbolized now very clearly, very sharply by an inflation.
The working class of America, the vast majority of people who are employees, they don't set prices.
They have the prices set over them. Prices are dictated by a tiny minority,
the dictatorship of that class of people as administered to the American working class
after two years of COVID and two years of stunning economic lack of activity.
A very harsh slap in the face. That's what the inflation is. You're coming out of COVID.
You're coming out of the crash. Well, here's a new burden for you. We're going to slap you
with an inflation. A decent society, ne that actually believed all that talk about "We're
in it all together. We're going to get through this all together." These are virtual quotes
from President Biden and people like that. A decent society could not and would not dare
to whack its population with an inflation after putting it through a failed preparation for this
disease, a failed program to deal with it. I want to remind you the United States has among the very
worst records in coping with this virus in the whole world. To follow that up with an inflation?
My goodness, you are asking for troubles beyond anything we have seen so far. Inflation is not
some detail about the economy. It's a fundamental flaw. It has existed before we've had capitalism.
But capitalism has not only not solved it but made use of it in ways that in the long run
threaten to be self-destructive for capitalism also.