Why do asset owners / conservatives complain about inflation?

I had a lightbulb moment when writing a Medium article.

You have to look at the ancient origin of inequality and where money itself comes from.

Read this paper and the parts about the Asiatic mode of production too:
Classes originate from ancient agriculture, when humanity first produced a surplus of crops.

Since the output of crops is difficult (natural disasters, weather, available labor, effort), a hierarchical system emerges to keep everyone in society disciplined as such.
A class system emerges where the upper-class appropriates the surplus by owning the farms and livestock as private property, while the lower-class produces the crops.

So in order to legitimize the class hierarchy, you need to create a money system.

Money quantifies the limited availability of crops and reproduces it as exchangeable value (status), while also defining the subordinate role of the worker with a wage denominated in money.
His material needs are dependent on the employer who distributes the money!
The ''surplus'' today is no longer cabbages and cows, but the original intent of money remains in a vestigial form.

When the consuming masses buy more things than anticipated (such as by government stimulus), this comes into conflict with enforced scarcity (even if minimally)
Indeed, the ''market'' raises the price because too much money is chasing too few goods.

And what is ''too much money?'' Beyond the limits of what the upper-class is comfortable distributing to the working-class in wages and incomes.
And what is ''too few goods?''

Pushing against the ''natural'' availability of physical goods (or crops) as defined by the need for the upper-class to convert scarcities into exchangeable value, which is what money quantifies.
So the price rises and money falls in value because previous prices fail to defend this particular availability of resources.

Since the upper-class quantifies exploitation of surplus in exchangeable units (property is valued in money), a fall in the value of money is disturbing.
Supply and demand (and demand-push inflation) is really just the millennia-old relationship between the upper-class and lower-class disguised in a modern form.

In every economic occurrence (price, money, value, wages etc.), are embedded the prevailing social relations.

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More from @TristamPratori1

24 Nov
I support classic social democracy.

Dutch Labor Party from 1959:

''The party is affiliated with and is a continuation of the movements which, on the basis of democratic and socialist ideals, have fought against capitalism and [...] [for] the creation of a classless society''
I wish more who consider themselves as social democrats would advocate these.

Our current society is a long crisis of capitalism since the 1970s.

For example, the neoliberal shift was a reactionary move against underlying weakness in the system and fear of progressive threats.
Read 5 tweets
24 Nov
That Labour tweet reminded me why we need to mainstream anti-capitalist politics again.

Conservative hegemony today is just as degenerate as a Leninist party hegemony in nations such as the Soviet Union.

Unless there are alternatives, democracies will rot from the inside out.
Many people believe democracies aren't effective, but they can't put their finger on it.

They feel this way because we have radically diluted their democratic content, trade unions have declined precipitously and socialist ideology has fallen out.
If you look at history, it was socialist ideology that created democratic buy-in.

The masses were encouraged to support it because they viewed it as their path to liberation and material improvement.

If history stands still, you abolish the incentives to support democracy.
Read 4 tweets
23 Nov
The idea of objectively ''evil people'' is used to justify hierarchy.

I feel that progressives and conservatives would describe dictators differently. Those on the left describe the *consequences* of rulers as negative, while folk morality just labels them morally as ''evil.''
The first one is right. Dictators are not bad because we consider them ''evil,'' they are bad because the structure and consequence of dictatorial rule is bad.

In fact, the simple folk morality of ''evilness'' perpetuates the authoritarianism that dictatorships are justified on.
Especially fascist and nationalist dictatorships, which are directly misanthropic in their worldview.
Read 5 tweets
23 Nov
This is what I was saying the other day. Class divisions are projected to continue worsening.

In 40 years, even Sweden will have about the same level of economic inequality as the United States does today (that is, one of the highest in the world).
Furthermore, they get harder to decrease with time because the distribution of resources between classes is linked with technological progress and globalization, and slowing growth reduces the effectiveness of redistributing growth.
Read 4 tweets
21 Nov
Avoid the slacking use of ''imperialism'' in trade debates.

There's a nice theoretical tradition behind it, but we should avoid sloganeering.

The Hobson / Lenin / Hilferding school sees imperialism as countries using political means to vent their trade and financial surpluses.
The Hobson / Lenin / Hilferding school would consider China the quintessential imperialist country in today's world, not Sweden or Denmark.

Even if countries have a particular trade balance or relation of exchange with other nations, it depends on what their *politics* are.
The US importing cheap textiles from Bangladesh is not imperialism, sorry.

Not even Lenin called that imperialism. Lenin uses the example of the Berlin–Baghdad railway in his famous book. In fact, that bears the most resemblance to China's silk road project.
Read 5 tweets
19 Nov
Whatever the best legal conclusion for the Rittenhouse case is, there is a possibility that his acquittal itself will encourage armed right-wing vigilantes and insurrectionists.
Many of the Capital stormers in January got off, GOP legislatures considered bills to protect people who use their cars against protestors in ''self-defense,'' and now Rittenhouse has continued the pattern.

It could embolden right-wing extremist behavior.
Basically, it is a moral hazard.
Read 4 tweets

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