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this post was submitted on 28 Jul 2025
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So basically it could help combat our blatant consumerism as well? Seems like a win to me
I'm sorry, but that is just a blatant misunderstanding of how economics work. It wouldn't combat blatant consumerism, it would literally destroy the economy. Not to be replaced by something better, but just destroy it. There would be no reason to invest in literally anything, including people, no reason to repair your house or feed the poor, because the money it would cost, would be worth more tomorrow.
Why would I buy a car, or bike, or proper nutritional food, if I could save that money for tomorrow, and buy more? Only tomorrow it's the same thing, so I'll live like shit until the next day, then the next day, and then the next....
The only people who would have any quality of life, would be the rich cunts. They'd live like the do now, because they don't actually need more money.
Deflation is never a good thing, I'm saying this as a socialist.
They're not misunderstanding; you're using Keynesian economics. "The economy" as described today is rich people's wealth, not the wellbeing of the poor.
If people saved instead of building up credit scores, it would be much easier to strike. We don't need to be forced to invest somehow or become even poorer (which is what actually happened). You'll repair your house because you need a house and buy food because you need food. You're more likely to participate in mutual aid with savings than with credit.