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C. H. Smiles's avatar

What I find most amusing about the complaints of inflation is they generally come from the same types of people who were suggesting that people like me were evil because we saw that shutting down the economy for a “virus” was going to have severe longterm consequences.

This is before getting into central banking, peak oil, falling EROI, and other complex topics. The average person is incapable (and as Carlin reminds us from the grave, 50% are below that) of even beginning to understand the future that awaits them. They have no concept of why the way things are now and why they will be different in the future beyond “I’ll buy fewer Doritos”.

Rat's avatar

Adoption of the «Food Programme» in 1982 was perhaps the first time Soviet leadership admitted that the country isn't well and isn't moving in the right direction. From there, it however took another nine years for the USSR to circle the drain one last time.

This might be roughly the point where the West is now, which might mean false revival («perestroika») is still ahead of us.

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