Housing and food are necessary for survival and easily provided communally, we go out of our way to keep houses empty and lock dumpsters full of food until it all rots rather than give it away. The labor is already done and the fruits of it are thrown away or locked up because profit motive says so. Your money only loses value over time because of inflation, inflation only happens because we insist on constantly printing more money. None of the shit you’re talking about is natural or unavoidable, it’s all deliberate and definitionally exploitative.
Empty homes aren’t common where I come from, but construction and maintenance still require someone’s labour. Food that’s past expiry date but not spoiled is sold at a deep discount or donated to the food bank. It still requires someone’s labour to grow the food.
Someone still has to put in the work. That means if you don’t work, even in a hypothetical communist country, someone else still has to work to provide you with your necessities. Until we can truly automate everything, at least.
Inflation means the rich can’t hoard the money in their bank accounts and it has to be circulated in some manner to retain value. Covid and the Russian and Epstein-Trump wars of aggression aside, salary growth has generally matched or outpaced inflation where I come from. If that’s not the case for you, you need unions and better control of your politicians. Mild inflation benefits the working class, not the rich… In a healthy society.
Inflation does absolutely nothing to prevent rich people from hoarding money or forcing it to actually circulate, you don’t have a clue what you’re talking about.
Regular inflation is this, but at a much slower pace. Still means if you’re rich, you HAVE to invest your money somewhere, or it loses all of its value over time. And all the investments that actually make a good amount of money over the long term involve lending your money to someone else to be able to do something productive so both parties can benefit.
If you’re not rich, you just get raises and things get cheaper over time in comparison to the national average salary which rises faster than inflation or at least at the same rate. People today can afford more things than people 20 years ago. Unless you live in the US or some other similar shithole country. If you do, it’s not inflation that’s keeping you down, it’s the absolute lack of any kind of respect for the working class. Yes, in that environment, inflation is bad for workers. That’s why you need unions and strong labour laws.
As long as there’s currency, you want inflation. You also want to not live in a country where workers don’t get raises that outpace inflation. That’s the thing you have an issue with, it’s completely separate from inflation.
Mate, I’ve probably read more books than you, but that doesn’t change the simple fact that if you’re rich and the economy is inflating, your money loses its value when stored as literal cash with no yields, whereas if there’s no inflation, it’s safe to keep it as cash and it’ll never lose value. Conversely, the working class usually is not sitting on a ton of cash that would lose value over time… And often have loans which become less impactful with inflation since salaries rise, but the loan principal does not. If your salary goes up 2x over 15 years but your mortgage stays the same, that means your life gets easier over time.
This is really basic economics, you don’t even need to take a course to figure it out.
In reality there are options other than “cash no yield” and “circulating in a way that helps anyone else”, and reality is something that basic economics famously does not account for at all. Keep reading.
Housing and food are necessary for survival and easily provided communally, we go out of our way to keep houses empty and lock dumpsters full of food until it all rots rather than give it away. The labor is already done and the fruits of it are thrown away or locked up because profit motive says so. Your money only loses value over time because of inflation, inflation only happens because we insist on constantly printing more money. None of the shit you’re talking about is natural or unavoidable, it’s all deliberate and definitionally exploitative.
Oh you must be American.
Empty homes aren’t common where I come from, but construction and maintenance still require someone’s labour. Food that’s past expiry date but not spoiled is sold at a deep discount or donated to the food bank. It still requires someone’s labour to grow the food.
Someone still has to put in the work. That means if you don’t work, even in a hypothetical communist country, someone else still has to work to provide you with your necessities. Until we can truly automate everything, at least.
Inflation means the rich can’t hoard the money in their bank accounts and it has to be circulated in some manner to retain value. Covid and the Russian and Epstein-Trump wars of aggression aside, salary growth has generally matched or outpaced inflation where I come from. If that’s not the case for you, you need unions and better control of your politicians. Mild inflation benefits the working class, not the rich… In a healthy society.
Inflation does absolutely nothing to prevent rich people from hoarding money or forcing it to actually circulate, you don’t have a clue what you’re talking about.
Regular inflation is this, but at a much slower pace. Still means if you’re rich, you HAVE to invest your money somewhere, or it loses all of its value over time. And all the investments that actually make a good amount of money over the long term involve lending your money to someone else to be able to do something productive so both parties can benefit.
If you’re not rich, you just get raises and things get cheaper over time in comparison to the national average salary which rises faster than inflation or at least at the same rate. People today can afford more things than people 20 years ago. Unless you live in the US or some other similar shithole country. If you do, it’s not inflation that’s keeping you down, it’s the absolute lack of any kind of respect for the working class. Yes, in that environment, inflation is bad for workers. That’s why you need unions and strong labour laws.
As long as there’s currency, you want inflation. You also want to not live in a country where workers don’t get raises that outpace inflation. That’s the thing you have an issue with, it’s completely separate from inflation.
Anything’s possible when you make shit up
Ah okay, seems you haven’t ever been outside of the US and don’t know how actually functional economic models work.
There is nowhere on earth where your ideas about inflation are anything other than fucking moronic, log off and read a book
Mate, I’ve probably read more books than you, but that doesn’t change the simple fact that if you’re rich and the economy is inflating, your money loses its value when stored as literal cash with no yields, whereas if there’s no inflation, it’s safe to keep it as cash and it’ll never lose value. Conversely, the working class usually is not sitting on a ton of cash that would lose value over time… And often have loans which become less impactful with inflation since salaries rise, but the loan principal does not. If your salary goes up 2x over 15 years but your mortgage stays the same, that means your life gets easier over time.
This is really basic economics, you don’t even need to take a course to figure it out.
In reality there are options other than “cash no yield” and “circulating in a way that helps anyone else”, and reality is something that basic economics famously does not account for at all. Keep reading.