Espartaco

“Is that to say we are against Free Trade? No, we are for Free Trade, because by Free Trade all economical laws, with their most astounding contradictions, will act upon a larger scale, upon the territory of the whole earth; and because from the uniting of all these contradictions in a single group, where they will stand face to face, will result the struggle which will itself eventuate in the emancipation of the proletariat.”

Karl Heinrich Marx · Marx-Engels Collected Works, Vol. VI, p. 290

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Wages, prices and profit – turning down

The inflation rate for consumer prices in the US has clearly peaked and is falling steadily.  The latest figure for year-on-year inflation in December was 6.4%, down from a peak of 9.0% last summer.  Core inflation (which excludes prices for food and energy) has also peaked but not by nearly as much.  That’s because it […]

Wages, prices and profit – turning down

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