>>469952In my mind.
bank = the maintainers of the ledger that contains bank accounts. Like accountants holding on to paper-work and computer databases.
Making profits from fractional reserve money lending or whatever, that's finance capital. The ideology of capitalism is liberalism, and in liberalism there always has to be a person at the end of every scheme, so you have to ask who gets those profits, to find out who the finance capitalists are.
>And that's what causes inflation, more money chasing the same amount of real world goods means that prices are forced to go up.I agree with that, but we also have to look at this in more detail. If we look at the economy of the neo-liberal stage where all that money got conjured up from nothing. It ended up creating a specific type of inflation that mainly affected certain types of goods. For example prices increased for housing, military equipment, education, healthcare and basic sustenance. But other types of goods did not see much inflation.
For the recent years, we have to consider that the capitalist recession began before the pandemic, the pandemic made it worse because there was insufficient crisis preparedness. And now prices are rising to a significant extend because of war-spending and also price gouging. You would undoubtedly point out that all that money that gets spend on war comes from the money printer too. And you are not wrong about that, if they keep doing that for long enough, it'll become fascist economics with hyper-inflationary-militarism.
Another aspect that impacts prices of goods, are all the bailouts for the wall-street finance casino, basically that was money not spend on actual investment into improving the productive forces and making the economy more productive. You would not be wrong to interpret this as strike but not by workers but by capitalists. If there had been alot of investment into the productive forces it would now be cheaper to produce goods and that could have decreased prices for goods.
From the socialist perspective inflation can be solved simply by switching from money accounting to labor-time accounting. An hour will always contain 60 minutes, and unless we loose our technical base, the time it takes to produce goods will always tend downwards. Hence labor-time accounting will be slightly deflationary.