“The true causes of the crisis have nothing to do with workers asking for pay rises.”
By the General Federation of Trade Unions (GFTU)
The GFTU has partnered with SOAS and Verso to produce a new publication: The Cost-Of-Living Crisis (And How to Get Out Of It) by Costas Lapavitsas, James Meadway, Doug Nicholls.
The true causes of the crisis have nothing to do with workers asking for pay rises. This book shows that rapid inflation was sparked by a combination of global economic instability, profound weakness of production, and corporate profiteering. The result is a massive transfer of wealth upwards – from working people to the super rich.
The response to the inflation surge by the UK government has been disastrous for working people. Pushing up interest rates, attempting to keep pay rises below increases in prices, and trying to cut pensions and other benefits, has exacerbated the devastating cost-of-living crisis. It is time for a radical economic alternative.
The book will be launched at a public meeting on Monday 20th February 2023 at 6pm and taking place at Mander Hall, Hamilton House, Mabledon Place, London, WC1H 9BB.
Speakers for the event include Eddie Dempsey, Rail, Maritime, and Transport Workers Union (RMT); Costas Lapavitsas: School of Oriental and African Studies (SOAS); James Meadway, Progressive Economy Forum; former MP Laura Smith; and Sarah Woolley: Bakers, Food and Allied Workers Union (BFAWU).
- The Cost-Of-Living Crisis (And How to Get Out Of It) book launch takes place on Monday February 20th, 2023 at Hamilton House, Mabledon Place, London, WC1H 9BB. You can register here.
- You can find out more about the work of the General Federation of Trade Unions (GFTU) on Facebook, Twitter and Instagram.