i mean companies will just go bankrupt

What do you think is better?

Even if the companies were paying their employees less?

and less overall?

yes because the employees wont accept the pay cut, they just resign and look elsewhere

so you get mass unemployment

@Green Syndicalism Italian Fascism had a coperative system in power, the economy was run by it's workers, state officials, and employers at a national level.

and a recession

But in an ideal circumstance

italy was really just controlled by big business

where people understood the purpose

More communism= peace and problems solved

wtf

i dont see the point of doing that though

lower prices + lower wages + lower profits doesnt do anything

what I'm thinking is

that would raise the value of labor

it just causes a contraction in the monetary supply

so you get less money, but its worth more

whats the point?

🥺😡🥶🥵😠😩

if there's more money in the economy that's also worth more, doesn't that boom the economy?

yes but the reason is because of lags and stuff

Stupid capitalists and their stupid problems. Just convince the government to become communist and your country is good now

😷

prices dont work in perfect harmony

yeah I know

GG @Tiny Diamond, you just advanced to level 3!

well actually i misread that last bit

"more money thats worth more"

thats different from "more money thats worth less" which is what inflation is

"more money thats worth more" requires significant productivity development against foreign nations

and that only happens with a lot of investment into industries, which generally requires more money to be printed

so when you contract the money supply, you get less investment, which reduces your long term productivity, which actually makes your money worth less against foreigners since their productivity hasnt had the same shackles as yours

even though you've reduced the supply it is worth less!

thats the sick bit about IMF policies

they implement policies to "make their currency stronger" but then in the long term it makes it weaker

Shii you the only 1 typing 👀

+1 for communism and socialism

GG @Dr.Cosby, you just advanced to level 1!