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Marxists spend a lot of time explaining how unemployment is central to the functioning of capitalism, but sometimes the ruling class just comes out and says it for us. (www.bloomberg.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 2 years ago

He doesn't explain anything. It's just assertions.

You can imagine why people might link unemployment to deflation, or for that matter a dozen other things. From what he says, it doesn't sound like he has a deeper understanding than your average armchair economist.

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