182
Chinese economy expected to have slipped into deflation as recovery falters
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 Aug 2023
182 points (92.1% liked)
World News
32352 readers
943 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
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.