this post was submitted on 10 Aug 2023
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When in the last 120 years was this NOT a case? Sure, few last years have been fucked more than usual, but we are still living pretty comfortable lives. Inflation is natural.
I'll have what he's smoking.
What happens when spendings are bigger than income, genius?
Of course it's been happening for a hundred years that's why it got so bad. At some point water boills, sur prize
Jokes aside, we'll see our first generation of homeless labourers.
It's already happened in Hong Kong for decades with the coffin apartments. It's just now more prominently occurring in the west.
All businesses must move to a circular economy. This infinite growth nonsense is what's causing this and it's impossible to have infinite growth.
A YoY inflation rate of ~10% is most assuredly not natural in most of the developed world. I fully understand why it happened, but that serves no justification for the negative impact on the lives of the majority of the population.
And the increase in the price of goods that I've seen around me has been more like 30%, not 10. It's blatant price gouging, but the government refuses to act to stop it.