>>10308529More people buying shit means more demand for products in general which incentivises sellers and corporations to raise prices for more profits.
The problem is consumption is being heavily driven by debt (rampant credit card purchases etc) and consumerism in general with people literally consuming paycheck to paycheck. All these people consuming beyond their means drives up prices faster than wage increases can actually keep up.
Of course the sheer amount of wealth inequality in current society isnt just due to shitty consumerist practices, all the wars going on for the past decades have all been wars to control energy and gas, including the Ukrainian war. the sheer dependence of our economy on gas for trade and commerce means any spike in oil prices causes instant inflationary pressures as the cost of gas is factored into the production and delivery of everything in society.
Further to that is what the fucking banks and retard government does. Banks lend with money they dont have and the gov prints out money for the banks to cover for banks when banks actually need to draw into the said money they dont have. Printing money puts any economy on a crash course to hyperinflation and is the single greatest cause of our current inflation levels. Just imagine a pie slice you have, with the entire pie being able to be exchanged for everything in the economy. When the gov prints money it is adding meat filling to the portion of the pie you dont own. Even though your slice is the same size, it is a far smaller portion of the whole pie representing everything purchasable in the economy and thus you can trade for way less goods with your pie now.
It is why investor fucks with the help of bankers own all the property and have driven them to unaffordable prices whilst everyone else sees their money savings represents an increasingly small portion of the economy as the government continues to shit out money supply into the hands of bankers and investment firms.
