The Lifeboat News
[ Message Archive | The Lifeboat News ]

    Re: Prof. Richard Wolff: The Economics of the Ukraine War Archived Message

    Posted by Tomski on January 22, 2023, 3:52 pm, in reply to "Prof. Richard Wolff: The Economics of the Ukraine War"

    A very reasonable round-up by Wolff. It's curious that he sticks with GDP and does not mention PPP. In terms of the latter, for example China has already taken over as the largest economy in the world. I guess there must be a reason why he is not doing that.

    I've come across this factoid before - that Nixon froze the price rises in the US and therefore inflation in the '70s. Will we see this phenomenon repeated in the UK and elsewhere - rhetorical question.

    He also seems hopeful about the current militancy of the labour movements. Let's see that unfold ..

    The interviewer seems a bit .. 'wooden' ..

    Message Thread: