schizoidman@lemm.ee to

World News@lemmy.worldEnglish · 2 months ago

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 months ago

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 months ago
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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