The German chancellor says the continent’s current economic woes are down to growth in Asia, rather than to the Ukraine conflict...Interesting article.
RT — Question More (Russian state-sponsored media)
Scholz names reason behind European economy downturn
See also
In Macron's view, China must be subordinated. And so must the US. Interesting take.
While Macron doesn't say this, it's obvious that the entire world cannot be raised to Western living standards without exceeding the limitations of planetary resources, at least without implementing technological innovation that is still on the level of science fiction•. The "Western" (US) solution is to control the development of the non-Western world to prevent this from happening. This was discussed by serious people decades ago. This is what the rules-based order of unilateralism is about. But the US is now also subordinating Europe, which is the reason for Macron's speech.
Emmanuel Macron Comes Clean: "We Need A Single Global Order"
Tyler Durden
• MR Online
Extractivism in the AnthropoceneJohn Bellamy Foster, professor of sociology at the University of Oregon and editor of the Monthly Review. His most recent book is Capitalism in the Anthropocene: Ecological Ruin or Ecological Revolution (2022)
China to Have Moon Base Powered by New Nuclear Power Plant by 2028, Lunar Exploration Chief Says
Europeans better learn how to use scythes.
ReplyDeletehttps://rumble.com/v1whuly-hina-and-qatar-sign-long-term-gas-deal-europe-left-empty-handed.html
ReplyDeleteLOL
An excellent 5-minute video by Peter Zeihan where he discusses the natural gas situation in Europe (next winter will be worse!) and how it will lead to European deindustrialization. Also, colder weather in the US means less LNG available for Europe because it's global natural gas usage that matters:
ReplyDeleteUkrainian Consequences: Energy in Europe
Eventually Europe won't be able to afford gas. They'll be outbid by the BRICS nations.
ReplyDeletePeter Zeihan is a big time Russiaphobe, anti-Russian propagandist. Why listen? We get that from every major US media outlet.
ReplyDeletePeter Zeihan is a big time Russiaphobe, anti-Russian propagandist. Why listen?
ReplyDeleteYes, I noticed that early on. The reason I listen to him is for the facts and insights that he provides. I simply ignore his political bias.
Here's a quote from an Arnold Kling article:
As Peter Zeihan puts it,
Modern manufacturing is a logistical marvel that taps hundreds of facilities in dozens of countries, but that system is based on frictionless international trade. Break just a few links and the entire network collapses. A modern car has about 2000 parts. If you are missing ten, you’ve got a large paperweight.
Remember this?
Why Shortages of a $1 Chip Sparked Crisis in Global Economy
To understand why the $450 billion semiconductor industry has lurched into crisis, a helpful place to start is a one-dollar part called a display driver.
Hundreds of different kinds of chips make up the global silicon industry, with the flashiest ones from Qualcomm Inc. and Intel Corp. going for $100 apiece to more than $1,000. Those run powerful computers or the shiny smartphone in your pocket. A display driver chip is mundane by contrast: Its sole purpose is to convey basic instructions for illuminating the screen on your phone, monitor or navigation system.
The trouble for the chip industry -- and increasingly companies beyond tech, like automakers -- is that there aren’t enough display drivers to go around. Firms that make them can’t keep up with surging demand so prices are spiking. That’s contributing to short supplies and increasing costs for liquid crystal display panels, essential components for making televisions and laptops, as well as cars, airplanes and high-end refrigerators.
“It’s not like you can just make do. If you have everything else, but you don’t have a display driver, then you can’t build your product,” says Stacy Rasgon, who covers the semiconductor industry for Sanford C. Bernstein.
As an aside, it's the same reason I follow Robin Brooks, who is extremely anti-Russian. Again, I ignore that also and just follow his economic reasoning.
For the record, I'm not pro anything but I'm on the side of Russia here because I'm anti-Nazi... Ukrainians were killing their own people.
“ Again, I ignore that also and just follow his economic reasoning.”
ReplyDeleteWell then you are just falling for his political bias…
You shouldn’t follow ANYONES reasoning…