The toll of inflation on the American psyche is undoubtedly part of the story. That people hate high inflation is not a novel observation: The Federal Reserve has long been obsessed with preventing another ’70s-style inflationary spiral; its patron saint is Paul Volcker, the former Fed chair who famously broke that spiral by jacking up interest rates, which plunged the economy into a recession.

So, bloodletting. Volcker shock destroyed Latin American economies and so did the recent interest rate hikes.

The entire article is just so smarmy and annoying to read. Sure, U.S. was one of the less affected countries in part due to all the capital flowing from the Global South.

Support for this project was provided by the William and Flora Hewlett Foundation.

Bill and Melinda Gates foundation sponsoring videos on how awesome neoliberal poverty ‘reduction’ is type shit.

The William and Flora Hewlett Foundation, commonly known as the Hewlett Foundation, is a private foundation, established by Hewlett-Packard cofounder William Redington Hewlett and his wife Flora Lamson Hewlett in 1966.

HP-branded corporations provide and operate technology that Israel uses to maintain its system of apartheid, occupation and settler colonialism over the Palestinian people. Hewlett Packard’s violations of Palestinian human rights have been well documented. Aside from providing services and technology to the Israeli army and police that maintain Israel’s illegal occupation and siege of Gaza, HP provides Israel’s Population and Immigration Authority with the exclusive Itanium servers for its Aviv System.

So progressive