Capitalism is good and noble and drives competition for the betterment of everyone! It's only the unholy fiat which drives people to lower quality or shrinkflate! They would never think to increase profits that way otherwise!
Seriously, if you're making these arguments and nobody's pushing back, they're either not listening or you're in a bubble.
What’s the reasoning behind that? Why wouldn’t they think to increase profits that way?
I think in a hard money standard, it's more difficult for people to part ways with their capital because they know the purchasing power of that capital will go up over time. So they are less likely to spend on the low quality junk we buy today that we know won't last. People are more likely to seek high quality goods that last. Hard money filters out the trash. Bitcoin for the win!
That is a believable scenario! But it's a societal change, which takes a generation, at best.
Education is what protects people from being exploited by capitalism. For instance, if people don’t understand the importance of fueling their bodies properly, they’ll keep choosing cheap, nutritionally empty, dopamine-hitting products—much to the delight of profit margins.
