"The ruling class prefers to postpone a showdown with
1987 1987-11Read it in the scan (PDF at ETOL), page 10 →
Read from the scan by machine and not corrected: expect misread words, and now and then a caption or a line from a neighbouring story. For anything you quote, read the scan.
Scan page 10
labor while they continue gaining concessions..." commodities produced by the U.S. economy), not gold, also made it easier to open and close the flow of purchasing power into the economy without the inflationary effect being immediately felt.
The counter-cyclical strategy meant, in the last analysis, that dollars were printed when necessary to sop up the excess product. (Regularized government borrowing only masks and slows down the classic percent annually a couple of years ago. Double- and triple-digit inflation rates elsewhere have become the norm. Even those deformed workers' states, which have borrowed heavily from imperialist bankers, are suffering from rising rates of inflation.
Only the continued relative stability of the major industrial powers prevented the colonial world from falling into complete economic, and therefore political, collapse. But they can keep these countries' heads postpone a
Scan page 11
the population owns 36 percent of the nation's wealth.