>if inflation is the result of the fight between labor and capital
>(which implicitly in every version of this theory is that unions are
>stronger than capital for sustained periods of time putting enough
>pressure on costs to make capital increase the mark ups so you get
>inflation) how do you explain the Argentinian, Bolivian, Brazilian
>and other latin american nations inflations during the 70-80's when
>all labor institutions were destroyed???????
I think the class struggle theory of inflation is that it's a product of an unresolved class conflict, where neither side has the upper hand. The disinflation of the 1980s-1990s was the result of bourgeois triumph.
Doug