this post was submitted on 29 Jun 2024
200 points (97.6% liked)

Socialism

6857 readers
584 users here now

Rules TBD.

founded 7 years ago
MODERATORS
dessalines@lemmy.ml
200
Capitalism and technology (lemmy.ml)
submitted 2 years ago by yogthos@lemmy.ml to c/socialism@lemmy.ml
11 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] Xavienth@lemmygrad.ml 1 points 2 years ago

Deflation is really really bad. On a societal level, if people expect prices to fall, they will withhold spending today in favour of tomorrow. This decreases demand, decreasing prices, accelerating deflation until collapse.