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Explaining the inflation rate (lemmy.world)

submitted 3 weeks ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] Kecessa@sh.itjust.works 55 points 3 weeks ago (7 children)

The problem is both...

[–] DoYouNot@lemmy.world 37 points 3 weeks ago (5 children)

Some inflation is a good thing. It keeps money moving, which is absolutely crucial to the system as it is. Wages do need to rise with or outpace it, though.

[–] explodicle@sh.itjust.works 23 points 3 weeks ago (1 children)

But I don't like the system as it is.

The only way to save for retirement (within this system) is by exploiting other workers. I want overall consumption to decrease. I don't like how every business is shortsightedly focused on "this quarter". Inequality since the 1970s has skyrocketed.

This is a bad system.

[–] jorp@lemmy.world 22 points 3 weeks ago

a lot of important and good things we can do for climate change like consuming less could make the GDP go down, so you know they'll panic and find ways to incentivize more consumption if so.

We need to get comfortable with economic degrowth.

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