Higher inflation is "inevitable" for UK, says City

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emordnilap
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Post by emordnilap »

stevecook172001 wrote:However, in recent years, production quality and thickness/durability of materials have declined markedly and so one could make the argument that they are not actually as cheap as they seem.
Well, yes. Cheap clothing and food take massive tolls on animals (including people) and the environment, so no, 'cheap' on a price tag is actually the opposite of reality.
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
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emordnilap
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Post by emordnilap »

adam2 wrote:Not certain that clothing has "never been cheaper" IMHO it was at its cheapest a few years ago.
One of the effects of the failure of capitalism is showing up in the constant sales going on everywhere and the rapid turnover of retail businesses. In my home town, the competition is ruthless and it's difficult to understand how many businesses manage to survive; rent has hardly come down (and not at all in some cases, meaning empty premises for years on end), rates are the same and other expenses are going up, yet everyone's having to fight for a piece of a pie of diminishing size.

In other words, though higher taxes and inflation have taken their toll, 'stuff' is still in abundance and thus relatively cheap. I do realise, adam, that individual items must of course have become dearer.

Cars are terrifically cheap. Petrol is extremely cheap. In actual fact, housing is mega-cheap now. Good quality clothing, towels and blankets will always be dear and will, quite possibly, never go down in price, always up.
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
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