Richarddwolff
@richarddwolff·355K subscribers·501 videos
Wolff Responds: Sorry, Mr. Biden, Competition Does NOT Cure Inflation
Posted
January 29, 2022
Views
34,658
Likes
2,616
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335
Engagement
8.51%
January 29, 2022
34,658
2,616
335
8.51%
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8:28Now PlayingIn this Wolff Responds, Prof. Wolff pushes back against President Biden’s recent statement in which he blames monopolies for the current inflation and calls for an increase in competition. Monopolies have always existed under capitalism, with and without inflation. Competition is built into the capitalist system and creates monopolies. History has shown us that neither competition, nor monopolies solve inflation. Inflation can, and should, be brought under control through governmental policy, but it will never go away until the system in which it exists is dismantled.
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