Post
Topic
Board Economics
Re: High inflation is causing GLOBAL protests
by
justdimin
on 22/07/2022, 22:25:31 UTC
The most offensive thing to the protesters is that their government does not hear their citizens. The government labels the protesters as extremists. People are dissatisfied with fuel prices, low salaries, etc. This year, almost every resident of Europe felt inflation. The impression is that the world is rolling into some kind of bottomless abyss and no one has made a decision to stop it. It seems that this is the limit, but analysts predict even greater problems with the onset of cold weather.
That is the most humiliating thing to me as well. We have protests in my nation as well and we took the streets, thankfully we got the prices down a bit, our nation has a lot of government controlled pricing, it is not a fully liberal nation but we have privately owned companies that are just priced controlled by the government, so the profit goes in the pockets of regular people, but they can't charge 300x more than what they cost them to make that thing.

Government let the prices be for a few months, which resulted with capitalist bosses to increase the prices 5x-10x higher suddenly, when they shouldn't, and we protested and it cut down 50% back again thankfully, it is still a lot more than what it used to be, something that used to be 100 bucks, became 700, and now back to 350, that is still 3.5x higher, but at least not x7 higher and that is something so we stopped.