The economy is creating jobs at the fastest pace ever. More importantly, we also have considerable wage growth. Both mainstream and Right-Wing media’s narrative is that high inflation eats away all of that wage growth. That is a false narrative.
Let’s start with economics 101, which even the mainstream economists fail. Everyone seems to be parroting from the same manual that absolves corporations. They blame the government or even other unexpected reasons.
We get into these cycles because “the many” pay for the mistakes and greed of the wealthy ruling class. This notion is not some Left-Wing message. It is a common-sense message. We are all intelligent but susceptible to brainwashing. Let me digress from the core message to give an example.
Those who promote a rationale to object to Medicare-for-All ask you to believe mathematical impossibilities. (1) Doctors’ offices and hospitals work through a maze of different insurance companies to get paid are more efficient than submitting one bill, even though each side of the former requires a large staff. (2) Paying duplicate executives, marketing, computer systems, and real estate are less expensive than one set of executives, virtually no marketing, one computer system. Or that the current system where insurance companies dictate your doctor, hospital, & drugs is somehow a choice. In contrast, Medicare-for-All, where you and your doctor make all the decisions, is a government take over of healthcare.
The same is occurring with today’s inflation. Let me state categorically and mathematically. A corporation that made high profits before the recent onset of inflation with the related supply-chain problems and enhanced demands is raising prices by choice and not necessarily market forces. Let me correct that. Our economic system allows them to gouge. Those with pricing power can charge whatever the market will bear. And if they give you a raise, the market can bear more to allow them to take it all back. It is by design, and we tolerate it. We will enable them to blame government and external forces for their shortcomings and greed as inflation explode their profit margins.
It’s more than the economy.
These corporations are responsible for the supply-chain problems because they chose greed (cheap overseas labor) and just-in-time inventory. It does not take rocket science to understand that those two acts are mutually exclusive in an unstable world caused by wars, pandemics, and human-inspired natural disasters. The thing is, their corporate greed prevents them from supporting governmental solutions to mitigate the instability. There is no shortage of products and labor to justify the inflation rate. And let’s not forget the labor force at the southern border that wants an opportunity to work, not conquer.
We must all educate ourselves and not fall for the well-designed brainwashing corporate-funded think tanks. I have committed my life to inform, to be one of many trying to counter these narratives that ultimately lead us to indentured servitude. We can only win elections if we effectively communicate these truths in a bread and butter manner that connect these issues to the appropriate candidate and their natural constituency. We can do this. We can learn history to avoid insanity. It’s more than the economy. Join us!