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Explaining the inflation rate (lemmy.world)

submitted 2 years ago by The_Picard_Maneuver@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] explodicle@sh.itjust.works 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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[–] jorp@lemmy.world 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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