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The Guardian: low food prices is a bad thing (lemmygrad.ml)

submitted 9 months ago by [email protected] to c/[email protected]

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China is surely jealous of the high food prices we have here in the West...

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[–] [email protected] 31 points 9 months ago* (last edited 9 months ago) (3 children)

This is just pathetic fearmongering, or whatever "the enemy is getting weaker" propaganda is called. Deflation, as liberals understand it, is literally a fake phenomenon. Even if PRC disn't have controlled markets, price reductions causing the collapse of entire businesses on a large scale is a fiction. It doesn't happen in free markets for obvious reasons, and it wouldn't happen in controlled markets for even more obvious reasons.

[–] [email protected] 1 points 8 months ago

Interesting, do you know any literature that talks more about this?

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