Comment by dismalaf
6 days ago
Massive expansionist post-Covid fiscal policy and QE that created the inflationary crisis. Mass immigration (yes immigration is an economic policy).
6 days ago
Massive expansionist post-Covid fiscal policy and QE that created the inflationary crisis. Mass immigration (yes immigration is an economic policy).
Immigration is not leftist, it degrades value of labor. It's liberal policy - in the US this is conflated with left, but elsewhere liberal stands for individualist policies, while left is more or less socialist, the exact opposite.
Certain kinds of leftist are anti-immigration. But anarchists and those in favor of international communism are aggressively (sometimes militantly) opposed to the concept of national borders or any meaningful restrictions on the movements of people.
Those groups are not anywhere close to wielding power or influencing govs decisions.
And were the people making pro immigration policies in the west in favour of "international communism", or liberal capitalism?
Immigration was kicked off long before recent times and used to largely be a right-wing policy.
The rate of immigration and our ability to assimilate immigrants matters.
That is not a relevant answer to my statement.
What nonsense is this? The St. Louis Federal Reserve documented most inflation was due to profit seeking (gouging), not QE—that’s right wing libertarian drivel.
Profit seeking is normal behaviour. The economic system normally keeps it in check through competition. If it's not kept in check it's because of the economic conditions.
I've not seen the economic system keeping it in check through competition in my lifetime and I don't think it did historically.