Costas Lapavitsas on Cost of Living Crisis and the State of Capitalism

One of the worlds leading Marxist economists talks to us about the recent problems of inflation, class politics, and the global economy.
Check out Lapavitsas's latest collaborative efforts here:
"The State of Capitalism: Economy, Society, and Hegemony", with with the EReNSEP Writing Collective (2023) (www.versobooks...)
"The Cost of Living Crisis: (and how to get out of it)", with James Meadway and Doug Nicholls (2023) (www.versobooks...)

[@musiqtee]

Working class today? Not identity, try this: If your income is from wages, benefits, pension - not from what you own, know or are - and you *can not convert that income into capital ownership* - you are “working class”.
Capital is _not_ money. It’s money converted into _ownership_ of something (also intangibles) that “makes money” as an asset created & protected by law.
A negative pile of money (dept owed to you) is _way more powerful_ for influencing politics, than a pile of it from the proverbial lottery ticket. It makes you a millionaire a short while, but NOT a capitalist… 😅