David Harvey reflects on the challenges of addressing inflation and wage repression in the U.S., especially for the 50% of the population struggling to live on $30,000–$40,000 a year. He critiques the Democratic Party's failure to focus on the economic needs of this group, emphasizing that inflation, despite slowing, continues to affect them due to stagnant wages and rising price levels. Harvey advocates for a political program centered on wage augmentation, similar to recent union-negotiated wage increases, as a means to address economic instability. He highlights that tackling income inequality could create a more stable economic future, contrasting this approach with the instability of current political dynamics, particularly Trumpism.

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David Harvey's Anti-Capitalist Chronicles is co-produced by Politics in Motion. Politics In Motion is a nonprofit organization founded in May 2023 by Prof. David Harvey and Prof. Miguel Robles-Durán, along with Dr. Chris Caruso, instructional technologist, and noted writer and art curator Laura Raicovich. Our anti-capitalist media platform offers piercing insights and thought-provoking analyses on political, social, spatial, cultural, environmental and economic issues through a range of engaging mediums, including YouTube streams, podcasts, and live events. 

If you would like to support this project and see more of Prof. Harvey, visit us at:

https://patreon.com/PoliticsinMotion

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David Harvey's lastest book "A Companion to Marx's Grundrisse" (Verso): 

https://www.versobooks.com/products/2930-a-companion-to-marx-s-grundrisse

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#Trump #wages #inflation #capitalism