Comment on Warning food prices are set to spike in the UK due to Iran war

Ja7sh_The_Donkey@piefed.social ⁨3⁩ ⁨weeks⁩ ago

• Denjin@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

  Things don’t go back to “normal prices”, prices will always go up (ideally) and your wages go up to balance.

  The issues we’re facing at the moment is a pretty constant series of inflationary shocks and the controls governments and central banks have on trying to balance them tend to work on a much longer time scale resulting in sharp decreases in people’s spending power.

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  • apotheotic@beehaw.org ⁨3⁩ ⁨weeks⁩ ago

    and your wages go up to balance

    Damn, seems like they keep forgetting this part

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• FishFace@piefed.social ⁨3⁩ ⁨weeks⁩ ago

  The concept of “normal price” doesn’t make sense

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  • tenebrisnox@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

    It’s illegal to question normalcy. Accept. Obey. Endure.

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    • FishFace@piefed.social ⁨2⁩ ⁨weeks⁩ ago

      “normal price” is whatever the price was before the first time you personally remember inflation being in the news ;)

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• tenebrisnox@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

  No. The whole purpose of neoliberlism’s shock doctrine is the devalue currency and increase capital wealth. It’s aim is to make us poorer and make the rich richer.

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• ohulancutash@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

  Food was horrifically underpriced before, as supermarkets fought price wars and drove many producers to ruin.

  Brexit has hit farming hard and Britain no longer benefits from the singe market.

  We’re in a very dry spell and the harvest will suffer greatly this year and for the foreseeable future until theres a very wet few years.

  So no, prices aren’t going back.

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• TheWolfOfSouthEnd@lemmygrad.ml ⁨3⁩ ⁨weeks⁩ ago

  That would mean negative inflation, which probably wouldn’t be great for the economy.

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  • Denjin@feddit.uk ⁨3⁩ ⁨weeks⁩ ago

    Yeah, negative inflation is a short-cut to economic collapse. Imagine if you knew a thing you wanted to buy would be 10% cheaper in a week and 25% in two weeks. Why would you buy anything today?

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