In a few countries the politicians are in control, but most countries put the control of the hands of the populace. The politicians are hired only as employees to carry out the wishes of the populace. Canada is one such country. As always, it’s not the employee’s fault when someone goes wrong, it’s management’s fault. And, indeed, management trying to pass the buck to the lowly employee is a sure sign of bad management. Hiring another worker to act under the same bad management will yield the same results. In fact, you know this to be true because we in Canada replace the workers every approximately four years, yet keep seeing the same problems over and over. The only solution is for management to get their shit together – but are they capable?
I am not an economist. So this is my humble opinion. We chose to live in a capitalist system. Inflation, amongst other issues, is a problem with this system. We fail to vote for politicians who will regulate this system. It seems to me it is the voters who chose the system, it’s regulation and the politicians and policies that influence the system.
We chose to live in a capitalist system. Inflation, amongst other issues, is a problem with this system.
Inflation is merely observance of people believing that a currency has become less valuable than in the past. In what way is that a problem of capitalism? Currency is not a feature of capitalism, nor is assigning value to something a feature of capitalism.
Perhaps you mistyped ‘currency’ when you wrote ‘capitalist’? Autocorrect can be a harsh mistress. It is true that we live in a currency system.
@EhForumUser
Nope, no autocorrect. Currency is a means of trade within the system. Not sure why you would not think that was a necessity within the system?
@argv_minus_one @EhForumUser
Which country, which politician?
https://www.imf.org/external/datamapper/PCPIPCH@WEO/WEOWORLD/VEN
Honestly, probably all of them. Politicians around the world are failing to keep their respective economies stable. This should not be tolerated.
In a few countries the politicians are in control, but most countries put the control of the hands of the populace. The politicians are hired only as employees to carry out the wishes of the populace. Canada is one such country. As always, it’s not the employee’s fault when someone goes wrong, it’s management’s fault. And, indeed, management trying to pass the buck to the lowly employee is a sure sign of bad management. Hiring another worker to act under the same bad management will yield the same results. In fact, you know this to be true because we in Canada replace the workers every approximately four years, yet keep seeing the same problems over and over. The only solution is for management to get their shit together – but are they capable?
Nope. The real incompetence was inside us all along. Inside right-wing voters, to be precise.
@argv_minus_one
I am not an economist. So this is my humble opinion. We chose to live in a capitalist system. Inflation, amongst other issues, is a problem with this system. We fail to vote for politicians who will regulate this system. It seems to me it is the voters who chose the system, it’s regulation and the politicians and policies that influence the system.
Inflation is merely observance of people believing that a currency has become less valuable than in the past. In what way is that a problem of capitalism? Currency is not a feature of capitalism, nor is assigning value to something a feature of capitalism.
Perhaps you mistyped ‘currency’ when you wrote ‘capitalist’? Autocorrect can be a harsh mistress. It is true that we live in a currency system.
@EhForumUser
Nope, no autocorrect. Currency is a means of trade within the system. Not sure why you would not think that was a necessity within the system?