How can social stability be maintained today?

We illustrate our remarks with the cases of the United States, the euro zone and France. In the past, social stability was ensured by keeping overall prices low, which boosted purchasing power. In particular: Goods and services prices were low thanks to offshoring and persistently low wages in many economic sectors; Energy prices were low thanks to fossil fuels; The cost of credit was low thanks to persistently low interest rates. But today, in contrast, there is an across-the-board trend of rising prices for : Goods and services, due to reshoring, demands for increases in low wages and the decarbonisation of industry; Energy, due to the energy transition; Real estate, due to low interest rates. Social stability can no longer be ensured by low prices. It will therefore have to be ensured through huge public transfer payments, which will inevitably require tax increases.