3 ms·
Civ4 had these great quotes read by Leonard Nimoy when you learned a new technology. One that springs to mind is: "the bureacracy is expanding to meet the needs
by jmyeet 3y ago
Civ4 had these great quotes read by Leonard Nimoy when you learned a new technology. One that springs to mind is: "the bureacracy is expanding to meet the needs of the expanding bureaucracy".
what we have here is "prices are increasing because of the increasing inflation". We already know that prices have almost nothing to do with the cost of a thing. It's simply whatever the market will bear.
Some at the Temple of free market capitalism are completely OK with this but we've seen over the last few years that a functioning market requires a strong government, which I know will offend the libertarians.
Specifically, we need higher corporate taxation. It's a far more effective tool at fighting rampant inflation. Even if it fails, it fills government coffers and allows that government to help those most affected. Even Nixon understood this and famously dealt with the oil price shock with a (temporary but extended) wage-price freeze.
It's unsurprising that tech companies are getting in on this too.
- nonethewiser 3y agoWe absolutely do not need laws to prevent wage increases.
- jmyeet 3y agoI hate to break it to you: we already live in that world [1]. Anyway, the point of Nixon's temporary wage-price freeze wasn't to suppress wages specifically but to allow prices to stabilize so we don't have the "greedflation" we have now [2]. I'm all for better wages, livable wages and workers enjoying a greater share of the value they produce, for the record. [1]: https://www.npr.org/2022/12/01/1140123647/rail-strike-bill-senate https://www.npr.org/2022/12/01/1140123647/rail-strike-bill-s... [2]: https://en.wikipedia.org/wiki/Nixon_shock https://en.wikipedia.org/wiki/Nixon_shock