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Anyone recommend to me research on deflation?
Particularly those writing critically on the influence of donations, recycling and inflation control – that is, things sold to the public as beneficial to the public and thus participated in by the public but in reality serve quite narrow profit interests at the expense of the public. The cohesion between institutions and private interests each of these examples demonstrate would be fascinating from a CP perspective.
So examples, African markets and economies are suppressed via donation economies – books, technologies, but especially clothing. Textile manufacturing apparently remains at the root of modernizing or industrializing economies. Local manufacturers cannot compete with endless imports of free clothing and so cannot get off the ground. Unable to get much going in local manufacturing this also makes them overly reliant on the selling of their natural resources. Since it works in Africa why not in other resource-rich countries – like, Canada?
Big here (locally, well, in the current West) is recycling and power consumption. Likely recycling economies achieve similar to African donation economies, though recycled goods are resold because some value is added. Recycled goods puts downward pressures on prices asked by normal suppliers, one guesses, by being cheaper and increasing supply.
Rent control has long been a staple of Western pols protecting the underclasses against exploitative landowners. Unfortunately, it’s the landowners who insist on rent control. Control prevents rental prices from rising with inflation creating a depressed or deflated market. Would-be new investors obviously invest elsewhere. Hence rent control and housing/rental shortage crises go hand in hand in NorAm cities.
Anyway, basic observation is the degree of cohesion between state and capital in selling the above to populations who then get busy working against themselves, because it’s “the right thing to do” ideologically.
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