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Since the start of the pandemic trillions of dollars have been poured into financial markets by central banks, sending stock prices to record highs, but the rise of inflation is leading to increased instability.
The class dynamic of the massive Wall Street speculation As 2020 draws to a close, the essential class dynamic and objective logic of the global capitalist system have never been more starkly revealed. Billions of people around the world confront the escalating effects of the COVID-19 pandemic, the destruction of millions of jobs, impoverishment, including in some cases the threat of starvation, and the destruction of a viable future for a whole generation of youth. Yet the ruling financial oligarchy is benefiting to the tune of hundreds of billions of dollars. Trader on the floor of the New ...