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Cake day: July 24th, 2023

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  • untorquer@lemmy.worldtoSpaceflightMemes@sh.itjust.worksProposal
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    4 days ago

    You’re average consumer doesn’t think like this. Our system is sadistic, and economists are psychopathic to think so.

    But in any case, the meme points to a few things:

    1. Cost of living outgrowing wage

    2. Stratification of cost of goods - with exponential growth, the minute difference in cost between goods or property twenty years ago is now large. Meaning e.g. new cars which were affordable are now a sign of wealth.

    3. Failure to account for disruption due to major economic occurrences(e.g. artificial inflation due to greedy profit seeking, and corporate’s oligopoly on job supply)

    4. Gobloads of other nuance

    In other words I’m positing that steady infinite inflation is unsustainable in the long run unless you address all of those or your specific goal is to grow the wealth gap and entrench class separation further. It seems the goal of the political class has been the latter over the last 4-5 decades.