"per our updated employee expense policy, boots are no longer considered a reimbursable expenditure. Employees are now individually responsible for purchasing licking boots where not required by law."
Who the fuck has ever complained about food being cheaper except for farmers and middlemen who gouge us on it
China does a good thing and America instantly spins it how that's bad actually, people are supposed to starve.
Think of the poor shareholders! If they can't price gouge how will they buy their space tourist tickets for Elons piss shuttles!?
Oh cool, just admitting that they see our highly inflated fold prices as a good thing
Uncontrolled inflation is the pained throes of a febrile body - and here's why that's a good thing
Give it time, and they'll mutter how inflation is a gift from the bourgeoisie to try to toughen us up. They're only trying to save us from decadence! Hard times create strong men, good times create weak men after all.
(Don't ask which generation grew up in the 'good times'. And double don't ask who's having 'good times' now.)
Do not become addicted to water, lest you resent its absence. :immortan_joe:
sorry sweaty it's human rights to grind workers to dust under my boot, learn basic economics
hnnng i keep trying to celebrate actually existing socialism but my dummy thicc unfalsifiable anti communist orthodoxy keeps alerting the state department
I saw a Reuters article that was exactly the same.
https://www.reuters.com/world/china/chinas-consumer-prices-suffer-steepest-fall-since-2009-deflation-risks-stalk-2024-02-08/
They're like
but it's the parenti quoteprices suffer
Oh god, the prices! They're suffering! They're wasting away!
I used to be able to struggle to afford basic necessities, but because of the woke i can eke out a less meager existence 😡😡😡
So we're entirely throwing the ideal concept that as technology and society progresses, stuff should get cheaper? We just admit now that everything should get more expensive all the time while inflation makes my salary worthless and that's the correct thing?
: "Ummm, no one owes you anything, sweaty! Just become a shareholder if you don't like it!"
The year is 2050.
China pressed the communism button a decade ago, and everything China has done has gone right with no complications. Socially, all groups are completely equal with the strongest civil rights legislation on earth, citizens enjoy the most civil liberties of anyone in the world, and labor rights are held sacrosanct.
As you're headed to Shenzhen to meet up with some friends from the townhouse you own in Shanghai, you pull up an article from an American pundit.
"China has become the new land of the free and brought humanity world peace, bringing in a new dark age for investors everywhere."
You laugh as you read the article lamenting that not only has shareholder value been in the toilet, but they call citizens like you "oppressed" because your new home has outlawed speculating on food or housing, and you cannot join any hate groups.
Liberals when Supermarket oligopolies price gouge:
When a nation actually tries to keep it's population fed with low food prices:
I remember watching a leftist streamer who understood Modern Monetary Theory and for some reason, they explained that deflation is actually much scarier for an economy.
Not that I believe any shitcaking of China from MSM, but just to counter some people in here saying deflation is good.
I gotta find it cuz I can't explain it myself 🥶
...I could not find it but thank you intelligent comrades for coming to my rescue ily
It's because of debt: when there's lots of deflation (and when there actually is deflation and not just one particular good getting cheaper), the value of what's owed increases far beyond what was gained by taking on the debt in the first place. That can lead to things like debtors being unable to pay back loans if the deflation means they're not making as much as before.
A good example that I remember from one history class or another (I remember it specifically because the test on the material got it wrong, and the dipshit teacher thought it was about inflation instead of deflation and I'm still pissed about that 20 years later) was farmers in one of the decades of the late 19th century being hurt by deflation because all their machines and supplies were bought with debt but the value they could get out of the crops was suddenly worth less than what they owed for growing those crops in the first place. Which, uh, actually seems relevant now, depending on the economics of farming in China.
Well its only a problem if you produce food to make money. If you produce it to feed people it's less of an issue.
Which is just the thing, given that the largest banks in the world are just owned by the chinese State they have a much easier time dealing with a deflationary pressure than just about any other economy in the world.
Rapid deflation is bad, because it encourages people to save money because it will be worth more later, instead of spending or investing it to put it in to the market, which can cause a collapse of demand and a currency crisis.
Food prices on their own going down is not an issue, however, an deflationary crisis would make it difficult for other countries to borrow yuan because their debt would not only grow in interest but also in deflationary percentage. However, it might also encourage countries to start holding reserves of yuan because they will grow in value. The problem is in the modern economy everything operates through the former, not the latter.
That said, we know that is not the issue because it is just the consumer index pricing that is going down, they aren't reporting on the yuan itself being deflationary.
wouldn't want food demand to weaken
