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Chinese economy expected to have slipped into deflation as recovery falters
(www.theguardian.com)
this post was submitted on 08 Aug 2023
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Using the word "deflation" like it's a bad thing for citizens to be able to afford the things they need to live. That's capitalist propaganda for you. We're only happy when the blessedly wealthy get to have a good life.
You don’t see how it’s a bad thing for people to have zero incentive to put money back into the economy? Everyone hoarding money and trying to spend as little as possible will surely have good results!
It's hilarious to see: Most Capitalists (or atleast those who are not actively opposing fossil fuel industry) complain about Doomers for the climate, but the moment the line stops going up you guys become Doomers yourself.
I have seen how capitalists scream when the line stops going up. But I never see capitalists suggest changes to how the economy is setup to avoid this phenomenon. I don't trust people who can't be objective when their baby has made a booboo.
I’m not even sure what you’re taking about it. But from the worker/anti capitalist perspective, deflation is even worse. The working class, who holds huge amounts of debt like student loans, ends up paying more as the value of money decreases. Imagine all of your student debts increasing in real value over time, on top of the already existing interest rate.