HENRY FOWLER, assistant general secretary of the General Federation of Trade Unions (GFTU), reports on Day 2 from the GFTU’s residential Summer School at the Workers’ Retreat, Quorn Grange Hotel
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Inflation is a class issue
As ministers and the mass media try to block pay rises using the threat of further inflation, STEWART McGILL looks at why prices are rising and what we should do about it
Assistant general secretary of the General Federation of Trade Unions HENRY FOWLER reports on day 1 from the GFTU’s residential Summer School at Quorn Grange Hotel
MPs and others called for the urgent release of tortured Palestinian doctor, Hussam Abu Safiya, held hostage by Israel and reportedly near death, reports LINDA PENTZ GUNTER
Strike Map co-founder HENRY FOWLER discusses the significance of today’s joint union letter to video game giant Rockstar, demanding trade union recognition for its workers. Their conversation highlights how our movement can harness its collective power to rebuild union power across the private sector
Capitalism has exploited — and polluted — our natural resources for too long, it’s time we treated our rivers as living beings, writes MIRIUM GAUNTLETT, LIAM SHAW and ROX MIDDLETON
The PM leaves office having squandered Labour’s electoral mandate and alienated its grassroots. He will not be missed, writes BRIAN LEISHMAN MP
CAPITALIST economics maintains that cost increases, particularly wage rises, have to be passed onto the consumer as if it’s a law of physics.
They never ask why profit margins have to be maintained and real wages suppressed. Prices only have to go up to maintain the profits that go to capital. Inflation is like anything else in capitalism, a function of unequal power relations and the drive to accumulate, “profit-pull”, not “cost-push”.
The Economic Policy Institute in the United States showed that since mid-2020, 54 per cent of price rises were attributable to fatter profit margins, only 8 per cent to increased labour costs.
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