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this post was submitted on 30 Dec 2024
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Deflation is a great thing.
The working class has been conditioned to think it's "bad" and inflation is "inevitable" because inflation is how the ruling class recoups any gains the working class has made, with interest.
Personally, I think it goes a bit deeper than this. Insecure people always want to feel they "know" everything, so they will often overreach and make claims about something they don't understand just to look smart and fit in. For example, always using the word "consumer" instead of "customer." They want to sound smart, like they went to school and learned about consumers, but they don't realize how they're acting without thinking. It's all a show to avoid admitting they don't really know what they're talking about.
Inflation is the same. Since it's almost guaranteed to happen and it benefits the ruling class, the average worker has been conditioned to see it as beneficial. They are praised for going along with the narrative that inflation is necessary and it makes them "feel smart" even if they are incorrect.
Saying "communism doesn't work" is another example.
aren't you doing the thing you are criticizing? because to me you are trying to sound like you know everything as well.
Nah. I'm not trying to fit in, which you seem to have conveniently ignored.
I could be wrong, but the evidence points to inflation being a result of the working class having more spending power. It means that no matter what gains the working class makes, the ruling class will take them back with interest.
If you think this is incorrect, feel free to say why.
You’re making it sound like wage growth always perfectly balances with inflation. It doesn’t. Regular people get fucked when wage growth falls behind price growth, but they benefit if wage growth outpaces inflation, which it sometimes does. This means that inflation is not some ever present gotcha that always keeps the people down. It’s one factor in the equation.
On another point, can you explain why you think inflation benefits the ruling class, and deflation benefits the working class? Because you never explained this which gives the appearance that it’s based entirely on “when prices go up, ruling class win,” which is not always the case.