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Explaining the inflation rate (lemmy.world)
submitted 2 years ago by to c/whitepeopletwitter@sh.itjust.works
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[–] 38 points 2 years 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.

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  • [–] 24 points 2 years ago (1 child)

    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.

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  • [–] 22 points 2 years 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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  • [–] 10 points 2 years ago (1 child)

    Why?

    Hear me out. If a $50k wages is $50k 10 years from now and all things stay the same why is that a problem? People at that wage can pay for a certain lifestyle at that wage forever.

    Hear me out if all companies have a profit? Why have more profit next year? You can still grow you have profit.

    Even loans still work as loans have profit built into them so what is the problem with stagnation

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