I think the inflation fears are a little overblown. There may be a short term crisis, but indicators seem to suggest that it will not be a long term. Probably a lot relating to the rough restart of some sectors post-covid.
During the Texas Freeze, prices initially spiked in the wake of a demand shortage.
But they then proceeded to plummet as power stations failed and retail consumers could not access power at any cost.
This is the long term consequence of capitalist commodity monopolization. People who can't access the thing fall out of the demand market, prompting a crash. The crash drives out investment and kills production / distribution. Then a short term supply shortage becomes a long term supply crisis.
I think the inflation fears are a little overblown. There may be a short term crisis, but indicators seem to suggest that it will not be a long term. Probably a lot relating to the rough restart of some sectors post-covid.
During the Texas Freeze, prices initially spiked in the wake of a demand shortage.
But they then proceeded to plummet as power stations failed and retail consumers could not access power at any cost.
This is the long term consequence of capitalist commodity monopolization. People who can't access the thing fall out of the demand market, prompting a crash. The crash drives out investment and kills production / distribution. Then a short term supply shortage becomes a long term supply crisis.