{"id":13601,"date":"2015-04-24T00:00:00","date_gmt":"2015-04-23T22:00:00","guid":{"rendered":"https:\/\/michelsanti.blog\/2015\/04\/24\/too-late-to-fight-against-inequality\/"},"modified":"2018-10-17T17:43:32","modified_gmt":"2018-10-17T15:43:32","slug":"too-late-to-fight-against-inequality","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/uncategorized-en\/too-late-to-fight-against-inequality","title":{"rendered":"Too late to fight against inequality!"},"content":{"rendered":"

\"lutter_contre_les_in\u00e9galit\u00e9s\"<\/a><\/p>\n

Do not be fooled by deflation. It is the decades-old general decline in wages, which inevitably leads to the lowering of consumer prices. And consumer prices will be made to adjust to the deterioration of our standard of living. Deflation is only the natural result of our shrinking purchasing power. Prices collapse for an obvious reason: we do not have the means to live decently. In other words, deflation is the logical culmination of the intense downward pressure on our wages, which began in the Reagan-Thatcher era.<\/p>\n

Forty years ago, our leaders clearly chose their strategy. It was to openly and aggressively favor capital at the expense of labor. However, this strategy is now backfiring and big business is being forced to reduce its profit margins. It has to continuously lower its retail prices so that armies of citizens can continue to afford its products.<\/p>\n

We see today the last \u201crefuge\u201d – the United States – being contaminated with the deflation virus through the foreign exchange market transmission belt, which propelled its currency to new heights. Full deflationary contamination is only a matter of \u201cwhen\u201d, not \u201cif\u201d. The soaring dollar is highly detrimental to U.S. exports and a key factor in the current economic slowdown. It will be this trend combined with another devastating force, the fall in crude oil prices, which will announce the last act of globalized deflation. The shale oil industry, which developed and thrived on easy money made available by the U.S. Federal Reserve, has turned out to be a weapon of mass destruction for the U.S. economy. The resulting collapse in energy prices is the final trigger to widespread deflation.<\/p>\n

Events are in motion. We cannot reduce with impunity the citizenry\u2019s standard of living and make massive wealth transfers from the middle class to the rich without eventual consequences. These consequences are major downward consumer price adjustments leading to the real evil of deflation. It had been possible to fool an anesthetized population through easy credit but they are becoming increasingly harder to fool.<\/p>\n

Deflation will not arrive alone. It will bring economic dislocation and mass bankruptcies of businesses and their creditors, also eliminating parasites that fed on the system. As the end of this story approaches it will not be an ending without a lesson in morality.<\/p>\n","protected":false},"excerpt":{"rendered":"

Do not be fooled by deflation. It is the decades-old general decline in wages, which inevitably leads to the lowering of consumer prices. And consumer prices will be made to adjust to the deterioration of our standard of living. Deflation is only the natural result of our shrinking purchasing power. Prices collapse for an obvious…<\/p>\n","protected":false},"author":4,"featured_media":13604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"mc4wp_mailchimp_campaign":[],"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[],"tags":[],"class_list":["post-13601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"yoast_head":"\nToo late to fight against inequality! - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Too late to fight against inequality! - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"Do not be fooled by deflation. It is the decades-old general decline in wages, which inevitably leads to the lowering of consumer prices. And consumer prices will be made to adjust to the deterioration of our standard of living. Deflation is only the natural result of our shrinking purchasing power. Prices collapse for an obvious…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality\" \/>\n<meta property=\"og:site_name\" content=\"Michel Santi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/michel.santi.economiste\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-23T22:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-17T15:43:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/lutter_contre_les_in\u00e9galit\u00e9s.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"599\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michel Santi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:site\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michel Santi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality\"},\"author\":{\"name\":\"Michel Santi\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"headline\":\"Too late to fight against inequality!\",\"datePublished\":\"2015-04-23T22:00:00+00:00\",\"dateModified\":\"2018-10-17T15:43:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality\"},\"wordCount\":393,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/lutter_contre_les_in%C3%A9galit%C3%A9s.jpg?fit=696%2C599&ssl=1\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality\",\"name\":\"Too late to fight against inequality! - Michel Santi\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/lutter_contre_les_in%C3%A9galit%C3%A9s.jpg?fit=696%2C599&ssl=1\",\"datePublished\":\"2015-04-23T22:00:00+00:00\",\"dateModified\":\"2018-10-17T15:43:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/lutter_contre_les_in%C3%A9galit%C3%A9s.jpg?fit=696%2C599&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/michelsanti.fr\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/lutter_contre_les_in%C3%A9galit%C3%A9s.jpg?fit=696%2C599&ssl=1\",\"width\":696,\"height\":599},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/non-classifiee\\\/too-late-to-fight-against-inequality#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/michelsanti.fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Too late to fight against inequality!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#website\",\"url\":\"https:\\\/\\\/michelsanti.fr\\\/\",\"name\":\"Michel Santi\",\"description\":\"\\\"It is not because things are difficult that we do not dare. It is because we do not dare that they seem difficult\\\", Seneca the Younger\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/michelsanti.fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/michelsanti.fr\\\/#\\\/schema\\\/person\\\/ba61ae1376925b43e3d1ddbc1e3eb2a4\",\"name\":\"Michel Santi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g\",\"caption\":\"Michel Santi\"},\"sameAs\":[\"https:\\\/\\\/michelsanti.fr\\\/\"],\"url\":\"https:\\\/\\\/michelsanti.fr\\\/en\\\/author\\\/msanti17\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Too late to fight against inequality! - Michel Santi","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality","og_locale":"en_US","og_type":"article","og_title":"Too late to fight against inequality! - Michel Santi","og_description":"Do not be fooled by deflation. It is the decades-old general decline in wages, which inevitably leads to the lowering of consumer prices. And consumer prices will be made to adjust to the deterioration of our standard of living. Deflation is only the natural result of our shrinking purchasing power. Prices collapse for an obvious…","og_url":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality","og_site_name":"Michel Santi","article_publisher":"https:\/\/www.facebook.com\/michel.santi.economiste","article_published_time":"2015-04-23T22:00:00+00:00","article_modified_time":"2018-10-17T15:43:32+00:00","og_image":[{"width":696,"height":599,"url":"https:\/\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/lutter_contre_les_in\u00e9galit\u00e9s.jpg","type":"image\/jpeg"}],"author":"Michel Santi","twitter_card":"summary_large_image","twitter_creator":"@michelsanti1","twitter_site":"@michelsanti1","twitter_misc":{"Written by":"Michel Santi","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality#article","isPartOf":{"@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality"},"author":{"name":"Michel Santi","@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4"},"headline":"Too late to fight against inequality!","datePublished":"2015-04-23T22:00:00+00:00","dateModified":"2018-10-17T15:43:32+00:00","mainEntityOfPage":{"@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality"},"wordCount":393,"commentCount":0,"image":{"@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/lutter_contre_les_in%C3%A9galit%C3%A9s.jpg?fit=696%2C599&ssl=1","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality#respond"]}]},{"@type":"WebPage","@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality","url":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality","name":"Too late to fight against inequality! - Michel Santi","isPartOf":{"@id":"https:\/\/michelsanti.fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality#primaryimage"},"image":{"@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/lutter_contre_les_in%C3%A9galit%C3%A9s.jpg?fit=696%2C599&ssl=1","datePublished":"2015-04-23T22:00:00+00:00","dateModified":"2018-10-17T15:43:32+00:00","author":{"@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4"},"breadcrumb":{"@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality#primaryimage","url":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/lutter_contre_les_in%C3%A9galit%C3%A9s.jpg?fit=696%2C599&ssl=1","contentUrl":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/lutter_contre_les_in%C3%A9galit%C3%A9s.jpg?fit=696%2C599&ssl=1","width":696,"height":599},{"@type":"BreadcrumbList","@id":"https:\/\/michelsanti.fr\/en\/non-classifiee\/too-late-to-fight-against-inequality#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/michelsanti.fr\/"},{"@type":"ListItem","position":2,"name":"Too late to fight against inequality!"}]},{"@type":"WebSite","@id":"https:\/\/michelsanti.fr\/#website","url":"https:\/\/michelsanti.fr\/","name":"Michel Santi","description":"\"It is not because things are difficult that we do not dare. It is because we do not dare that they seem difficult\", Seneca the Younger","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/michelsanti.fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4","name":"Michel Santi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g","caption":"Michel Santi"},"sameAs":["https:\/\/michelsanti.fr\/"],"url":"https:\/\/michelsanti.fr\/en\/author\/msanti17"}]}},"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pagvtB-3xn","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":19686,"url":"https:\/\/michelsanti.fr\/en\/inflation\/inflation-of-prices-deflation-of-policies","url_meta":{"origin":13601,"position":0},"title":"Inflation of prices, deflation of policies","author":"Michel Santi","date":"October 10, 2019","format":false,"excerpt":"So you think you understand inflation? Allow me to correct you because it is in no way the result of an unreasonable expansion of the money supply that translates into a rise in prices. This clich\u00e9d term of \u201cinflation\u201d, used unscrupulously by the detractors of central banks, by the prophets\u2026","rel":"","context":"In "inflation"","block_context":{"text":"inflation","link":"https:\/\/michelsanti.fr\/category\/inflation"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/10\/inflation-300x213.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":13787,"url":"https:\/\/michelsanti.fr\/en\/prices\/these-technology-giants-upending-our-economic-fundamentals","url_meta":{"origin":13601,"position":1},"title":"These technology giants, upending our economic fundamentals","author":"Michel Santi","date":"February 7, 2018","format":false,"excerpt":"Up until the mid-1970s, full employment and rising wages coincided perfectly with the interests of big-time capitalism. It allowed for consumption and therefore production to increase exponentially, mostly to the benefit of industry leaders. These constantly increasing salaries also had a very positive impact, albeit indirect, in driving technological research\u2026","rel":"","context":"In "Prices"","block_context":{"text":"Prices","link":"https:\/\/michelsanti.fr\/en\/category\/prices"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/technologie.jpg?fit=880%2C544&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/technologie.jpg?fit=880%2C544&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/technologie.jpg?fit=880%2C544&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/technologie.jpg?fit=880%2C544&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":21978,"url":"https:\/\/michelsanti.fr\/en\/inflation-en\/inflation-is-always-and-everywhere","url_meta":{"origin":13601,"position":2},"title":"Inflation is always and everywhere…","author":"Michel Santi","date":"February 22, 2022","format":false,"excerpt":"\u00a0 The ghost of Milton Friedman and his oh-so-famous repartee of the 1960s when he said that inflation is \u201calways and everywhere a monetary phenomenon\u201d still haunts us today. It is true that this assertion may seem plausible. After all, the immediate consequence of inflation is a rise in prices,\u2026","rel":"","context":"In "Inflation"","block_context":{"text":"Inflation","link":"https:\/\/michelsanti.fr\/en\/category\/inflation-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/02\/2022_pay_increases_e4jtv0.jpg?fit=1200%2C676&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13678,"url":"https:\/\/michelsanti.fr\/en\/growth\/oil-victim-of-deflation","url_meta":{"origin":13601,"position":3},"title":"Oil: victim of deflation","author":"Michel Santi","date":"January 30, 2016","format":false,"excerpt":"The collapse in oil prices has not brought with it the happiness that had been counted on, since economic fundamentals have not improved. As for Western consumption, its slight progress is owed more to a further drop in inflation indices than to an increase in salaries and revenues that is\u2026","rel":"","context":"In "emerging markets"","block_context":{"text":"emerging markets","link":"https:\/\/michelsanti.fr\/en\/category\/emerging-markets"},"img":{"alt_text":"p\u00e9trole","src":"https:\/\/i0.wp.com\/michelsanti.blog\/wp-content\/uploads\/2018\/10\/p%C3%A9trole-300x187-300x187.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":13694,"url":"https:\/\/michelsanti.fr\/en\/capitalism\/life-beyond-capitalism","url_meta":{"origin":13601,"position":4},"title":"Life beyond capitalism","author":"Michel Santi","date":"March 21, 2016","format":false,"excerpt":"The economy is no longer a job supplier. This paradigm has now come to pass because, in the era of globalisation and the financialisation of our economies, growth no longer goes hand in hand with honourable and fairly paid work but for a minority. The subprime crisis came about fundamentally\u2026","rel":"","context":"In "capitalism"","block_context":{"text":"capitalism","link":"https:\/\/michelsanti.fr\/en\/category\/capitalism"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/capitalisme.png?fit=570%2C360&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/capitalisme.png?fit=570%2C360&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/capitalisme.png?fit=570%2C360&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":13759,"url":"https:\/\/michelsanti.fr\/en\/capitalism\/life-beyond-capitalism-2","url_meta":{"origin":13601,"position":5},"title":"Life beyond capitalism","author":"Michel Santi","date":"August 12, 2017","format":false,"excerpt":"The economy is no longer a job supplier. This paradigm has now come to pass because, in the era of globalisation and the financialisation of our economies, growth no longer goes hand in hand with honourable and fairly paid work but for a minority. The subprime crisis came about fundamentally\u2026","rel":"","context":"In "capitalism"","block_context":{"text":"capitalism","link":"https:\/\/michelsanti.fr\/en\/category\/capitalism"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"amp_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2018\/10\/lutter_contre_les_in%C3%A9galit%C3%A9s.jpg?fit=696%2C599&ssl=1","_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/13601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=13601"}],"version-history":[{"count":0,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/13601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/13604"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=13601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=13601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=13601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}