When the purchasing power of currency goes down, the people with the most currency actually lose the most, meaning the rich. In this way, there is a flattening effect. In cases of hyperinflation, having 3 million dollars is scarcely better than having 300, and money is revealed to be the apparition that it actually has been all along. The negative impacts of being unable to purchase basic goods and services also acutely affect the working class, but in a lot of cases that's already true in a "healthy" economy.

This is the reason the bourgeoisie is always pulling their hair out about it. It's also only ever used as a pretense to do austerity and extract even more wealth from the working class while cutting basic services.

Since value comes from labor instead of markets or scarcity, inflation also literally wouldn't effect our standard of living in a meaningful way at all if we set in place robust mutual aid networks and centers and divide the labor in a more just way.

When the narratives of capitalist realism and market necessity start to erode, this is actually a good thing, and this is the case with inflation as long as we are organized and prepared to exist beyond the market.

  • seitanicRights [she/her]
    hexagon
    ·
    3 years ago

    It's not. Things would unironically be better if participating in a system that exploits us became untenable, and if expropriation, land occupation, and doing the work without concerns for the market were the norm. Or do you think price signals tell us how much food we should produce too?

    • WoofWoof91 [comrade/them]
      ·
      3 years ago

      i fucking hate this website

      WE BUY FOOD

      IT'S MORE EXPENSIVE

      WE CAN AFFORD LESS FOOD

      WE NO LONGER CAN EAT

      JESUS

      FUCKING

      CHRIST

      • seitanicRights [she/her]
        hexagon
        ·
        edit-2
        3 years ago

        Many people don't buy food, both historically and in the present. Especially on a site with a primary userbase of folks from "the breadbasket of the world" makes this feel a little disingenuous. If the economy collapsed tomorrow, I guarantee you fewer people would be starving (which BTW in happening at scale right fucking now) here. I'd be much happier that cops have no budget and happily do all the things I would never do for fear of repression.

        • WoofWoof91 [comrade/them]
          ·
          3 years ago

          i am talkinjg from personal experience you overprivileged fuck

          fuck this shit, i'm out

        • Swoosegoose [he/him]
          ·
          3 years ago

          If the economy collapsed tomorrow, I guarantee you fewer people would be starving

          Can you give an example of even one time this has been true historically