Capitalist crisis fuels inflation as production, trade stagnate
Vol. 86/No. 43 - November 21, 2022![Over 45,000 march in Madrid Nov. 3, called by Spain’s two largest union federations, General Union of Workers and Workers’ Commissions. They demanded wage raises to keep up with prices. Banner says, “Working people should not have to pay for the crisis: wages or conflict.”](https://themilitant.com/wp-content/uploads/2022/11/Madrid_8643-1-300x210.jpg)
The worldwide capitalist crisis is hitting working people hard, with increasing indications that we face an extended period of stagflation — a combination of continued rising prices with falling capitalist production, trade and workers’ jobs. Soaring prices, especially on basic…