It seems that there are different paths that policy makers can take within a capitalist monetary economy. They can allow corporations to profit gouge at the expense of the workers and then turn on the workers (creating unemployment) or they oversee a system where all parties (workers and corporations) take real income hits as a result of imported price pressures and wait it out. Japan is in the second category to its credit.
Related Articles

Climate Crisis
PIK: Food crisis due to Ukraine war calls for demand-side action: less animal products, less waste, and greening EU agricultural policy
The global food system is impacted by the war in Ukraine, adding to the direct humanitarian and security crisis caused by the Russian aggression. Ukraine and Russia are major producers of grains and fertilizers, yet […]

Austerity
Jo Michell: Coronavirus Reveals the Cost of Austerity
April 11, 2020
Mathew D. Rose
Austerity, Economics, EU politics, Finance, Inequality, National Politics, Neo-Liberalism in the EU
0
A decade of austerity shredded public services and left millions of workers on the brink. It would be hard to imagine a policy more destructive to our capacity to respond to the coronavirus crisis. Read […]

Austerity
German Foreign Policy: EU- State of the Union
September 18, 2018
Mathew D. Rose
Austerity, EU politics, EU-Institutions, Neo-Liberalism in the EU, Racism
0
The EU must develop the capacity “to shape global affairs” and act as “architect of tomorrow’s world,” declared Jean-Claude Juncker, President of the European Commission during his “State of the Union” speech yesterday. The speech […]
Be the first to comment