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Trumpism vs. Wage Justice
Manage episode 459672342 series 3488001
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David Harvey reflects on the challenges of addressing inflation and wage repression in the U.S., especially for the 50% of the population struggling to live on $30,000–$40,000 a year. He critiques the Democratic Party's failure to focus on the economic needs of this group, emphasizing that inflation, despite slowing, continues to affect them due to stagnant wages and rising price levels. Harvey advocates for a political program centered on wage augmentation, similar to recent union-negotiated wage increases, as a means to address economic instability. He highlights that tackling income inequality could create a more stable economic future, contrasting this approach with the instability of current political dynamics, particularly Trumpism.
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https://www.versobooks.com/products/2930-a-companion-to-marx-s-grundrisse
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#Trump #wages #inflation #capitalism
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