The Morning Star publishes the Communist Party of Britain's 58th congress address by general secretary ROBERT GRIFFITHS, delivered on November 15 2025
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Inflation: refusing to pay for it
In the past, the Western ruling class has sought to manage inflation by ensuring that rising prices are not matched by growing salaries — but the global environment and domestic resistance from the organised working class are making this difficult, writes PRABHAT PATNAIK
The fact that inflation is sought to be controlled by squeezing the share of the working class does not mean that the working class was responsible for starting the inflationary process. In fact, the two phenomena have nothing to do with one another.
In part III of a serialisation of his new book, JOHN McINALLY tells the extraordinary story of the attempts by ‘moderates’ to prevent leftwinger Mark Serwotka from taking the leadership of the then-newly formed PCS union
JOHN ELLISON takes a look at Sir Keir Starmer’s track record of duplicity and betrayal since taking the Labour leadership role, as highlighted in a new book, The Fraud, by Paul Holden
Trade unionists must raise our voices not only for justice and against occupation, but also to protect our fundamental right to protest, writes LOUISE REGAN, ahead of a not-to-be-missed PSC conference
As the PM and his chief of staff’s blunders have mounted up, ANDREW MURRAY wonders who among Labour’s diminished ‘soft left’ might make a bid for the leadership
The multiple crises this country is facing are policy-driven – and more of the same won’t turn things around, argues DIANE ABBOTT MP
If we want to do better than before then we have to learn from all our experiences – good and bad – and bring those to bear today, writes KEVIN OVENDEN
ECONOMISTS distinguish between two kinds of inflation: “demand-pull” and “cost-push.” Demand-pull inflation is said to occur when there is excess demand in a situation where supply cannot be augmented, because full capacity output has been reached in one or more crucial sectors. Wartime inflation is a classic example.
In India during the pre-neoliberal, dirigiste period, inflation was often the result of an insufficient grain output relative to demand, arising from a poor harvest.
Cost-push inflation on the other hand occurs when supplies can be augmented, as the economy is nowhere near full capacity in key sectors, but one of the classes tries to raise its share of output, by demanding a higher price for the input it provides, while other classes are unwilling to lower their shares, giving rise to a tug-of-war, which manifests itself through inflation.
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