Nineteenth Century radicals promoted really useful knowledge as opposed to the useful, or really useless, knowledge promoted by Governments. Really useful knowledge looked at how society really worked, for example on the relaton between labour and capital, where profits came from, and how much wealth workers produced.
October 20th marks the anniversary of Liz Truss’s 44 day Premiership and today’s inflation figures remind us not only that a cost of living crisis is still very much with this.
Headline inflation which the Tories say should be falling is stuck at 6.7%. The reason for this is not wage rises but an increase in petrol prices which given events are likely to continue to rise further.
Food inflation is at 12%. Media coverage notes that prices are falling in the supermarket. That is really useless knowledge. In fact prices are not going up quite as much. Anyone who has got a 12% pay rise recently may be content…
BBC news on radio six claimed that ‘prices have fallen’. The bbc is claiming that over 6% inflation means prices are falling. It seems they’re willing to broadcast outright lies in support of the government.