NOT in Italy. Italy lost 50% of purchase value, all of it card industries has closed. Electricity bill doubled in just the past 10 years, Gas has quadrupled.
The average Italian has a car from the 90's, euro 0. Out of 60 mil people, 6 million lives BELOW the poverty line.
Our cars would sell for 4.000 Euro, then magically with the Euro the same crappy car costed 8.000 Euro, as much as a Volkswagen Golf.
Everyone started buying BMW and Golf. Fiat was bought by the French and Americans.
Out of 27 Eu countries only three do not have a minimum pay. Italy is one of those three. Which means even public jobs, will be taken by Moldovan or Romanian guys, that pay taxes abroad,
and pay their emplyers 2-5 eur/hour. No food, no Insurances.
inflation is real, yes, but it's the inverse squared here.
We are not Germany. WE have been sold to the bankers.
80$ today is close to 100$ back in 1998 and I'm not joking.
We did earn MORE in 1998 with the Lira than today with the Euro.
A 100K Lira I would do in two days of work. Today I need three days to make 50Eur, same job. (2K Lira=1Eur)
The same can happen to the Czech, but unlike us, they have people that pay taxes, and who steal go to prison.
Italy never put no-one in prison. They sold the Autobahns to some firms, the Genoa bridge collapsed because they didn't pay for maintenance, we have the
higher cost for 200Km road we pay 20 Eur.... and those freaks that killed 50 mens with the bridge collapse, it's been 4 years that the judge still haven't fined them or put anyone in jail...
And in the meantime, we still have to pay the robbery. PS: All of the roads in Italy has been payed by taxpayer money and resold to private firms in 2000, just 2 years after entering Euro,
bc the Italian State was collapsing...
Germany, all roads are free... Electricty still costs half of Italy, despite the war, and the minimum wage is 15 Eur. France is 11. Italy 4 Eur is considered the norm... but 2 Eur is also...
Running a small theatre electricity bills doubled from 10.000 a month to 20.000. Wonder how many Theaters closed down in the last 20 years? 90%... only those helped by the state survived.
Of course there are exceptions, like Amazon, or Coca-Cola, or Porsche... these big firms do not pay taxes in Italy, and if you get employed by them ( Or Ferrero Nutella, or Ferrari)
yes you are lucky. So it's not completely negative... it's just the average guy... inflation has worked in reverse...
And frankly I don't see countries like the USA really that much better... seeing how much it's for an Asthma inhaler over there... or a 6 packs of eggs...
I mean this inflation lie is a milestone of stupidity for the masses...
1 liter of water is still one liter of water, and it's still free. It hasn't become 0.98 liters...
In Italy Public water is free by our constitution...
How many public fountains do the average American city have per 1000 citizens?
Every park here has at least two fountains, one for human, one for dogs.
If there are no parks, there will be a fountain 100% near a church, and there are churches in every corner in Italy.
Idk where you live, but it's basically or China, Singapore, Switzerland, or Norway-Sweden >Germany-France where maybe inflation is true... in that
people now earns double what they did in 1998. The rest of the world has only got worst...
It's not a universal constant...
Every day, the elders will come down to the public fountain, and full six-liters pack of water.
Even in the UK, jobs have vanished thanks to the EU. The UK has basically collapsed thanks to the EU.
Italians don't go to the UK for vacation anymore. They don't go to the UK to study anymore.
And with the Brexit they made things worst. Before there was no import-export taxes from Italy to UK, now there are!!
A 10 Eur job in the UK is now worth 5 Eur, everything exploded in costs, the pay has remained stagnant.
Germany now pays MORE than UK for basic jobs.
Back in 1998 Germany pays were in line with France, Belgium, Netherlands... But the UK was two steps ahead...
Now the Pound is worth as much as the EUR... when before it was worth double the German Mark, and triple the italian Lira...
And the inverse is also true... UK citizens stopped coming to Italy for vacation... Now everybody was going to Spain...
Maybe bc Spain King didn't sell the entire country like the Italian politicians... but it's true...
Spain now has better pay and lower cost of living than Italy, which was the 9th economy in the world at the time...
It's not an Universal constant.
The only constant has been corruption.
Countries with no corruption, or laws that works ( US at least has laws that works) don't feel the hammer like the others.
The Major of Milan has just been found guilty of corruption, selling public spaces to private firms, to build skyscrapers, with public
money, public HOUSING being resold, pushing working people away from the city, driving rents up.
This is the only field (together with water) that the US is doing frankly worst than Italy. And the housing situation is sever in many European countries.
Ireland. Spain. Even Berlin is becoming a hotspot for the stupid-rich...
I rented a home in Berlin in 2006 for 200 Eur a month. 100Sq feet, with water, Electricity, and Internet. Near Mitte.
Good luck with that now.
PS: I had an "extra" job as a Translator and dubber for Movies (Tarantino Unglorious Bastards...) now it Google translate... or ChatGPT.
It was 50Eur for a full day transcript ( maybe even three days of work)... its gone... as in UK... certain jobs just don't exist anymore...
Digital download instead removed the barriers for many costs, no middleman, Steam 30% Tax is what a middleman would have took...
So it took the seller , shop owner, pay away, and replaced it.
Bt new the shop is instantly available to millions of people... really...
there's no reasons the price has gone up instead of going down....
the amount of surplus gains is unimaginable with the mind of 1998 entrepeneur...
The costs for logistics? Gone.
The costs for the inventory? Gone.
Packaging costs and theft, etc? Gone.
Do you really believe this?? I mean.. You could do this with the Dollar, or the English Pound, but in Europe we had Dracmas, Marks, Franks, Lira, Pesos... none exists anymore...
And certainly the Eur did not exist in 1990...
My parents could gift me a Nintendo SuperNES for 400Eur in 1990, Today it would be what 1600 Eur? Which parent would spend 1600Eur for a kid console today???
View attachment 737646
Italy, 1990: SuperNES was 399K Lire ( 200 EUR )
While the Game Boy had an average price of 150,000 lire, with the launch of the Super Nintendo, the price of the 8-bit NES dropped to 199,000 lire, while the shiny new Super Nintendo became the "flagship" machine, with a price tag ranging between 349,000 and 399,000 lire depending on the bundle offered. The flagship package included the Super Mario World cartridge, but bundles with other games, such as Super Mario All-Stars, were also released later.
In the USA it costed 199$, which is fine, considering 1$=0,5KLire... It's with the Euro that everything doubled... except we never got to earn like the average "Joe"....
Italy (and Greece) economies collapsed... instantly! Both countries were bought up by foreign investors, politicians included... (especially the economic... Draghi.. never heard of? The Master traitor?)
The Super Nintendo Entertainment System (SNES) launched in the USA in 1991 with a price of $199. This price remained consistent with the launch of the SNES in Europe, which also occurred in 1991.