this post was submitted on 03 Sep 2023
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Worldwide recession probabilities for 2023 according to Bloomberg. Interesting to see how BRICS and G7/EU are clustered. (lemmygrad.ml)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

The US is actually in a recovery from the covid recession. What this means is: increased velocity of money due to higher profit margins, causing inflation. Wage increases for the labour aristocracy, and further exploitation of the rest of the working class.

Every recovery from recession brings a further concentration of capital.

The words recession or economic boom means very little to the working class.