It’s perhaps difficult to find the flaw in this argument until you note that society isn’t 50/50 capitalists and workers. Pull on that thread a bit and combine it with the fact that neither the government nor bankers (whether central or Main Street) sit magically outside society and it starts to become pretty obvious what’s going on here. This is garden variety propaganda masquerading as rational think-piece.
In order for the author’s thesis to work, the government (which is somehow absurdly neither sided with capitalists nor workers) actively pits the two classes against each other in a permanent stalemate. In order for that to work, the two must be equally matched in power, else one side would just win and the gambit would be over. Workers as a class are equal to capitalists as a class neither in number nor in combined power. It’s an absurd take.
> the two must be equally matched in power, else one side would just win
You're confusing actual battle with mere rhetorical arguments, a shouting match. There is no victor, just noise that serves as a distraction.
Besides, the thesis has two parts: what the alleged true cause of inflation is, and how attention is being diverted away from it. They can each be independently true or false.
Unless we’re getting out the torches and pitchforks and marching to the guillotines (pretty please?), it’s purely a rhetorical battle. Are you suggesting that power dynamics are irrelevant in a shouting-match?
I’m not taking issue with the “true cause” bit. I’m taking issue with the absurd notion that the central banks and govt sit outside the capitalist/worker dynamic.
Corporate media talks 50% about their corporate interests and 50% about "the workers" in an unconvincing way for the appearance of balance. So this is perfect for the kind of artificial antagonism that is supposed to be created by the central banks and govt as the article suggests.
