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this post was submitted on 15 Jul 2024
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A Boring Dystopia
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Well, yeah. The rate of increases is slowing, but prices are still high. There isn’t, and won’t be, deflation, that’s a catastrophically bad long term economic effect (at least, according to economists)
Only within capitalism, where the myth of eternal growth is a central pillar.
Yeah, and for stability under capitalism it is indeed a necessity rather than a myth. We really need to wean ourselves from this market mediation (even if it’s too late to save ourselves there’s honor in the attempt).
There actually was deflation last month. Only -0.1%, but it still counts.