Inflation, instability and insurrectionary movements: the ‘new normal’ for world capitalism
The pandemic has sharpened and deepened what was an already existing crisis of capitalism. We are now facing the deepest social, economic and political crisis in decades. Despite a certain recovery, the measures the capitalists were forced to take in the last period (i.e. massive amounts of state spending) are now being felt in rising inflation, resulting in a growing cost of living crisis that is provoking resentment and instability all over the world.