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How come we experience so much more inflation than deflation? in other words, why does our buying power decrease far more often than it increases?
(lemmy.dbzer0.com)
this post was submitted on 22 Jul 2023
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Because once a corporation increases prices due to "supply and demand" or whatever bullshit reason they make up that week, those prices never go back down if the reason changes. conveniently.
Every corporation will say "we need to increase the price on "x" because the primary supplier in Bolivia is facing economic turmoil...blah blah blah." But once that turmoil is over and supply returns to normal, they don't bother taking the prices back down and rely on the fact that modern society is too distracted by their "conveniences" to care.
They (the super-rich) have created a class of people beneath them who don't notice or care that they're being fucked over so long as they are provided with more and more vapid content to consume.
Prices go down all the time. You literally watched egg prices fall like 4x this year.