Cool, working class people aren’t really thriving right now anyway. Maybe an economy crash could result in a restructuring of wealth and new tax policy.
For every economic problem, the burden falls on the working class. Deflation makes people unhappy, high inflation makes people unhappy, and low inflation is the “best” because things get worse more slowly. Capitalism only helps workers when large enough innovations happens. Otherwise, the owners capture all the benefits of growth, or squeeze the workers to make the appearance of it.
Deflation means stagnation or crash in economic terms
Cool, working class people aren’t really thriving right now anyway. Maybe an economy crash could result in a restructuring of wealth and new tax policy.
Sure. I don’t believe in infinite growth either, I’m unsure however who’d come up on top. The new aristocracy?
And yet it is exactly what the people need to be happy
Meditate on that point
For every economic problem, the burden falls on the working class. Deflation makes people unhappy, high inflation makes people unhappy, and low inflation is the “best” because things get worse more slowly. Capitalism only helps workers when large enough innovations happens. Otherwise, the owners capture all the benefits of growth, or squeeze the workers to make the appearance of it.
People have always been, in the grand sense, pretty dumb.
True