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Day: 25 April 2022

World Economy

The 1973 oil price shock: Are we headed for a new period of capitalist stagflation?

April 25, 2022 Dave Reid, Socialist Party (CWI England & Wales)

As we head towards double-digit inflation, the Tory government in Britain is trying to offload blame for the huge price rises in fuel and gas by pointing to the price shock that has taken place […]

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