The cost of living is higher than it’s been in 40 years. As prices go up, consumers are often paying more for less — sometimes without even realizing it. In ...
I love how the question of what actually causes inflation is never actually addressed in the mainstream. They just keep acting like it’s some mysterious force acting on the economy that nobody understands fully. Meanwhile, the answer is very simple. Prices are set by people who own businesses. Inflation is just a result of business owners choosing to raise prices because they want to raise their rate of profit. That’s literally all it is. Inflation in capitalist economies is a direct result of the capitalist class leveraging the fact that they own the means of production to raise the cost of living for the working class.
Turns out capitalist State media refuses to cover the problems caused by capitalism the same way the accuse socialist State media of refusing to cover the problems caused by socialism!
I love how the question of what actually causes inflation is never actually addressed in the mainstream. They just keep acting like it’s some mysterious force acting on the economy that nobody understands fully. Meanwhile, the answer is very simple. Prices are set by people who own businesses. Inflation is just a result of business owners choosing to raise prices because they want to raise their rate of profit. That’s literally all it is. Inflation in capitalist economies is a direct result of the capitalist class leveraging the fact that they own the means of production to raise the cost of living for the working class.
Yea pretty much. If businesses are exposed to circumstances that makes them think they they can get away with increasing profits, they will.
So increased velocity of money, richer customers, more demand for their products, etc. will all contribute to that decision.
Turns out capitalist State media refuses to cover the problems caused by capitalism the same way the accuse socialist State media of refusing to cover the problems caused by socialism!