schizoidman@lemm.ee to

World News@lemmy.worldEnglish · 2 年前

China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

cross-posted to:
worldnews@lemmy.ml

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China's Xi Jinping asked 'What’s so bad about deflation?' amid economic slowdown, report says

schizoidman@lemm.ee to

World News@lemmy.worldEnglish · 2 年前

cross-posted to:
worldnews@lemmy.ml

China’s Xi Jinping asked ‘What’s so bad about deflation?’ amid economic slowdown, report says

“Don’t people like it when things are cheaper?” Chinese President Xi Jinping reportedly asked his advisers.

cross-posted from: https://lemm.ee/post/51182148

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ubergeek@lemmy.today
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2 年前
The problem is “incentivizing economic activity”… Economic activity, honestly, shouldn’t happen unless it’s somehow benefiting human life.

Sectors like banking and ad tech do nothing to benefit human life. They serve to extract resources from people, and thats all.

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