Astorre
Pierre-Normand
Athena
Your "if tomorrow everyone gets $1M, bread costs $1M" example could be instructive. As a thought experiment, it shows that nominal money isn't the same thing as real resources. But it's also an "extreme event-style" scenario: overnight, universal, unconditioned, with no or little matching change in the background neo-liberal free-market structures. Real policy proposals that aim to keep people solvent in an automated economy don’t have to look like that. Inflation depends on system-level constraints: whether the transfer is financed by taxes vs new money, whether the economy has slack or is supply-constrained, whether production can expand, whether rents/monopoly pricing dominate, etc. So "handing out money" isn’t automatically self-defeating (and often isn't in social democracies) It’s a collective design question about how purchasing power is distributed relative to real productive capacity. — Pierre-Normand
.Yes, Alaska pays its citizens an annual Permanent Fund Dividend (PFD) from oil revenue, not a "royalist tax," but a share of state mineral royalties, providing yearly checks to eligible residents (including children) ranging from a few hundred to over $2,000, funded by oil extraction, and used as a model for Universal Basic Income.
BC
if we simply start handing out money to people simply for living, inflation will instantly reduce this money to nothing. — Astorre
Athena
But the fact is that the working class has not seized control of the economy in order to protect itself. — BC
Sure, a million bucks for everyone all at once would be intensely inflationary, but that's not likely to be the case. — BC
Philosophim
BC
Janus
3. How will a market economy cope with this challenge? After all, if we simply start handing out money to people simply for living, inflation will instantly reduce this money to nothing. Prices will simply rise. For example, if tomorrow everyone had one million dollars, then a loaf of bread would cost a million dollars. — Astorre
Ecurb
In the end, it doesn't matter, since when we take over Canada, all of Vancouver will be ours, and maybe Minnesota and Manitoba will be merged. We'll lose our little chimney up there. — BC
BC
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