Step one: seize the means of production
easy, just be rich
“If you’re homeless - just buy a house!”
Alternatively, refrain from being poor.
Alternatively alternatively, obtain through some means a sufficiently high number of units of fiat currency.
Just buy yourself a slave camp… err prison.
Simple. If youre hungry consider eating the rich.
How prices are set, is that it’s a deviation from previous prices.
So if supply driven inflation from covid has been made the baseline, (lack of supply resulting in low inventory and higher prices) then that’s an equivalent to a free pass to increase prices from suppliers and retailers.
then that’s an equivalent to a free pass to increase prices from suppliers and retailers
That’s the quiet part they’re not allowed to say.
I remember in 2020 I was doing analysis on this situation and found a trend that there’s massive inflation after every recession. And since this was a massive recession, I kind of expected that this would happen.
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!
There was one of those guide in my local newspaper a little while ago. One of the 10 advice they gave was “make a garage sale”. Ok, will do thanks.
Don’t buy anything. What you do buy, buy local. That’ll teach these assholes.
Sure am glad they make replacement parts for my Kia at the Kia farm down the road.
Sucks, but this is why public transport is important
Very true!
A YouTube link was detected in your post. Here are links to the same video on Invidious, which is a YouTube frontend that protects your privacy:
