▲ | chaostheory 14 hours ago | |||||||
I wouldn’t be surprised if the masses interpret these changes as “let them eat cake” given that inflation is already hammering the middle and lower classes. | ||||||||
▲ | RayVR 11 hours ago | parent | next [-] | |||||||
in Denmark, inflation is currently running at a 1.6% annualized rate, as of the most recent reading[0]. This is the full basket inflation rate, including volatile categories (food and energy). Core inflation is even lower, with the latest reading at 1.3% (annualized) in October 2024. Food inflation is, of course, volatile. It currently sits at a moderately elevated level of 3.9% (October 2024, annualized). Food prices declined earlier this year for two consecutive months, though that will be a minor consolation after the significant food price inflation in 2022 and persisting, though at a slower pace, through 2023. All of that to say, "let them eat cake" mentality is unlikely in a country where they have consistently ranked at the top of a world happiness index. Additionally, while I'm not well versed in Danish politics, I am under the impression that the Social Democrats have responded much better to the mass immigration that has been an ongoing issue for many parties throughout Europe. I think this is indicative of a party that adapts rather more quickly to the consequences of their previous policies and is less ideologically stubborn - at least on some issues. | ||||||||
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▲ | chairmansteve 12 hours ago | parent | prev [-] | |||||||
Denmark is a net exporter of food. In other words a net importer of agricultural pollution. So they could refice food exports without domestic political consequences. In theory. |