Governments love inflation, because it enables them to inflate away the value of debt which would otherwise be unsustainable (or electorally unpopular). They become reliant on an unending stream of new efficiencies from innovation to hide its effects and globalisation, as you mentioned, is another handy way of staving off the political effects of the debasement of one's currency (although it's perhaps not as sustainable or reliable). When that fails, the redistributive mechanisms can always always be compounded with things like tax thresholds failing to rise with inflation, increases in tax rates, or new taxes (inheritance tax, for instance, is relatively recent), but taxation-by-inflation is definitely the unacknowledged elephant in the room.

Overall, today's mixed economies have a lot more central control than the average person realises, and it's no wonder that Marx was such a fan of central banking.