Post
Topic
Board Economics
Re: The Taste of an Economic Downturn
by
fuguebtc
on 07/01/2023, 10:26:17 UTC
I wonder how ordinary people around the world felt the worsening economic situation in their respective countries. I know that although many are very much aware of the soaring inflation, nothing has changed much in their day to day lives. I can observe that in some families. They seem oblivious of how the prices of basic goods and services are rising in double digits.

From my household, however, we can literally taste the economic downturn. It feels odd and sad that we have to sacrifice taste in order to somehow cushion the impact of the economic problems my country is facing. Onion here is already hitting $12.57 a kilo. Depending on the size, that's about $0.63 apiece. Cooking an ordinary dish for a small family requires a bulb or two. During this holiday season especially, we normally need tens of onions. That's not affordable anymore. So we had to greatly reduce the use of onions and try not to care about how the dish would turn out. On ordinary days, onions are even removed from the ingredients.

I had to share this here because it feels like the economic situation has already affected the most basic need of everybody. It seems insignificant because it's only a spice, but I thought that if the economic situation is already affecting everybody's taste buds, it could mean things are getting pretty serious.

I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?

Government can fight inflation if they want, however the Government in where we live doesn't really care about its citizens suffering from inflation, all they care is how to make more wealth from their citizens by creating laws and projects that are not even related to solve the current problem, (no offense if you're an apologist), just stating facts.

May God helps us all. 5 years until the election will happen again, so I hope we learned something and not keep on being close minded.

Yes, governments are greedy because they are human like us, but not all governments do anything to stop inflation. You should know that a developed, rich and strong country is a country where people have a stable and full life, if people have difficulties, that country will soon default and collapse.

The current crisis or inflation is caused by the pandemic and the effects of the war in Russia and Ukraine, all of which are in the same situation, so the government cannot be blamed. And fix it takes time, you can't ask them to fix it quickly.