National security! Think of the children! Shale oil is good for the economy!
Wait, I'm confused.
I don't think China's goal has ever been financialization. Doctrine treats excess financialization like a cancer that inhibits progress towards socialism.
The solution is really a move towards increased currency independence through something like mBridge - by facilitating transactions in local currencies, it increases efficiency in financial markets and makes a single reserve currency more difficult to justify.
Edit: from the BRICS side, this is the only solution. India will never support a reserve currency that India does not have an outsized influence on, and neither will China.
If China figures out the scaling challenges with renewables (storage, etc.), it's pretty easy to see a path where Europe flips entirely.
Europe's energy transition is the story that's being overlooked because of their sudden loss of cheap gas.
Dollars for gold is an obvious outlet, no?
The New York Times is incredibly lazy. They found a nice headline and filled the story in to match. Many such cases
Just like we extract and refine oil from the tar sands, right?
Wait, you mean Canada just takes the brunt of the environmentally exploitative resource extraction and the US reaps all the benefits of refining it into a usable product?
Legitimate expressions of grievance do not preclude outside agitators, though.
Everyone's discontent, but not all issues end up organizing.
The easiest way to end the war is by forcing a coup. There's no way Ukrainian citizens are desperate to keep throwing people at the meat grinder to please their overlords in Kiev. I'm fairly confident that's why Zaluzhny got sent away and Zelensky has been cleaning house in his security detail.
Props where they're due, Zelensky's an absolute monster for staying in power and surviving this long into the conflict.
Russia is about to become China's Canada and... I think that's ok?
An interesting article showing an interesting phenomenon.
Mao Zedong may have been the father of modern China, but Deng Xiaoping is the architect. The economic liberalization strategies adopted by him have enabled China to navigate the perils of capitalism without relinquishing power to the bourgeoisie. This is ideology in the making.
zephyreks
joined 10 months ago
The EU is trying to tax German and American car manufacturers... This was the best way they could come up with.
BYD will just circumvent these tariffs by going all-in on hybrids for the EU market anyway. It's a silly game.