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OPEC+ and Capitalism's Fight against Inflation*
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Apr 17th 2023, Prabhat Patnaik
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Except
in war-time, capitalism invariably seeks to control
inflation by creating a recession; and this is so even
when the inflation has been caused by an autonomous
increase in capitalists' profit-margins which are downward
inflexible and hence would not be reduced by a recession.
*
This article was originally published in the Peoples
Democracy on
April 16, 2023.
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