Jackson4
Member
- Location
- Wensleydale
Deflation and low growth being the problem is the old way of looking at things... the whole way the west (or west like capitalist countries) have generated so much money and growth over the last 35 years, all built on finding the next country with cheap labour and cheap resources, constant high growth and inflation needs outsourcing of infinitely cheap labour, resources, energy etc. These things are finite, developed countries will inflate there way to higher wages and costs and resources will run out. It model which will take some ingenuity to keep going.