Welcome to Crimetown, a series produced by Marc Smerling and Zac Stuart-Pontier in partnership with Gimlet Media. Each season, we investigate the culture of crime in a different city. In Season 2, Crimetown heads to the heart of the Rust Belt: Detroit, Michigan. From its heyday as Motor City to its rebirth as the Brooklyn of the Midwest, Detroit’s history reflects a series of issues that strike at the heart of American identity: race, poverty, policing, loss of industry, the war on drugs, an ...
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Podcast 107 - Inflation - The High Cost Of Profits
Manage episode 418151766 series 2292011
Contenuto fornito da Socialist Correspondent. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Socialist Correspondent o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
The news media and the Government seem intensely relaxed now the annual rate is “only” 4.2%. Yet vast sums have gone to the banks and corporations in the meantime, not least because higher interest rates, raised to bring inflation down, have speeded up the transfer of wealth from the poor to the rich. As a result, householders have permanently lost the income already spent on higher prices, and are still paying more now for gas, electricity, petrol, food and essential goods. Mortgages are higher and rents have always been high anyway. Life has been made harder, partly because of the Bank of England's so-called solutions. Even successful strikes for more pay have not fully recovered the incomes lost. The question arises: how would a progressive government tackle inflation differently, to narrow the gap between rich and poor? Can we escape from capitalist economics on this question?
…
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110 episodi
Manage episode 418151766 series 2292011
Contenuto fornito da Socialist Correspondent. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Socialist Correspondent o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
The news media and the Government seem intensely relaxed now the annual rate is “only” 4.2%. Yet vast sums have gone to the banks and corporations in the meantime, not least because higher interest rates, raised to bring inflation down, have speeded up the transfer of wealth from the poor to the rich. As a result, householders have permanently lost the income already spent on higher prices, and are still paying more now for gas, electricity, petrol, food and essential goods. Mortgages are higher and rents have always been high anyway. Life has been made harder, partly because of the Bank of England's so-called solutions. Even successful strikes for more pay have not fully recovered the incomes lost. The question arises: how would a progressive government tackle inflation differently, to narrow the gap between rich and poor? Can we escape from capitalist economics on this question?
…
continue reading
110 episodi
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