r/PeterExplainsTheJoke • u/Melodic_Judge_129 • 9h ago

Meme needing explanation Petah?

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u/KretzKid 6h ago

Thanks for making a whole hierarchy, it's interesting that deflation is the second worst

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u/TheRumpletiltskin 5h ago

actually it's all bad, because infinite growth is impossible! Eventually every system built like this will fail in one of these ways.

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u/GreatMovesKeepItUp69 3h ago

Why do low information people feel that their opinion is just as valuable as the economic experts who literally dedicate their entire lives to studying this? The rise of anti-intellectualism is what's going to kill this world.

  1. Growth does not necessarily have to do with material resources, but is more often about efficiency and technology. 2. Infinite growth is not a requirement for capitalism as you can see from the past 35 years of Japan's existence which has seen zero growth

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u/Chemical_7523 2h ago

Literally as per your "economic expert":

Ask Japan how well that's gone for the past 30 odd years

Who btw just gave a basic undergrad rundown of how inflation affects an economy and didn't make a judgement on the long term viability of capitalism.