Partisan • Patriotic • Internationalist
Inflation is an increase in the price of goods and services. When the quantity of money in an economy exceeds the quantity of commodities it will cause “demand pull” inflation. When the cost of raw materials or an increase in wages causes price increases it is “cost push” inflation. The […]
The coalition government of Fianna Fáil, Fine Gael and the Green Party has announced its 2023 budget. This is taking place in a period of growing inflation, rising energy costs, and falling consumer confidence and spending. The increase in social welfare payments comes nowhere near meeting the rate of inflation. […]
Capitalism is a system that has an innate tendency to get into a cul-de-sac of crisis, and the only way it knows for coming out of crisis is by further exploitation of the working class. The cost-of-living crisis—caused by inflation, which eats up the earnings of the working class […]
National wage agreements with a private-sector aspect may re-emerge, given the current social costs of capitalism (the “cost-of-living crisis”). Within the CPI contributors have put forward hostile assessments of wage agreements—see Jimmy Doran, “Social partnership? No, thanks” (Socialist Voice, July 2020) or “Talk given by Graham Harrington from the Communist […]