Capitalist Psychotic Breaks: Finance Capital vs Real Economy

Workers are in serious trouble unless they unionize. Capitalists refuse to pay better wages. People have been out of work because of COVID and the price of gas has reached levels where getting to work is now a problem. These are real signs of economic decline. The central banks are pushing to raise interest rates and bring on a recession in order to cut the wages of the working class. How does the stock market react if there is concern about a recession? For them, investing in the infrastructure – whether it’s buildings, roads, or workers – is not a solution to inflation. “Under conditions where the mountain of fictitious capital embodied in the stock market is imploding, finance capital has launched a drive to intensify the extraction of profit from the only source of real value, the labour of the working class.” WSWS
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