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    1. Boom or bust, growth or recession,
      If global capitalist growth does slow after the next next election, it will have nothing to do with whatever Party is in the Beehive. But because global capitalism has reached its natural limits.
      Whatever party is in power they will both try to claw back ‘growth’ by cutting social services, raising interest rates, slashing incomes, raising prices, increasing unemployment, polluting more. Y’know. Because we must have growth.

      What is this growth thing anyway?

      When prices and profits go up, its called growth. A good thing.

      When incomes go up, its called ‘wages inflation’, or just simply inflation. A bad thing.

      What is the capitalist economists’ cure for wage inflation? Brutal as it simple. Force up unemployment so workers have to compete with each other for jobs so forcing wages down.

      Unemployment must rise before inflation comes under control: Economists
      Susan Edmunds
      05:00, Oct 27 2022

      https://www.stuff.co.nz/business/300721698/unemployment-must-rise-before-inflation-comes-under-control-economists

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