• @[email protected]
    link
    fedilink
    1632 months ago

    Again: do it. The sooner we can cast off the yoke of the Middle East’s hold on our power generation via oil, the better. Things like this can only accellerate the process: good. Keep it up and accellerate even more.

      • @[email protected]
        link
        fedilink
        552 months ago

        True, but I’m only talking about specifically cutting ties with the M…E (gradually) and transitioning to a green energy model ASAP, not about the wider political implications.

        • @[email protected]
          link
          fedilink
          English
          102 months ago

          Only if you’re not making things worse on purpose in the hopes that they’ll get better later

        • @[email protected]
          link
          fedilink
          22 months ago

          I mean, it kinda depends on what you think will make things better… Accelerationist ideology is mostly only effective for fascist. Fascism gains power by blaming current problems on the ineffectiveness of parliamentary governments, promising to provide stability with the use of a strong leader.

          The left on the other hand relies on ideas like mutual cooperation and mutual aid, things that require more political and structural organization to bear fruit.

          In post industrialized nations, it’s hard to imagine why things would have to regress in order to eventually progress from the current status quo.

          • @Grandwolf319
            link
            4
            edit-2
            2 months ago

            So how about something like the French Revolution that gave us the modern napoleonic code and served as a basis for secular government?

            • @[email protected]
              link
              fedilink
              12 months ago

              Well first, I think it depends on your perspective. The French revolution and the 1rst Republic were overthrown by Napoleon. While Napoleon was one of the more liberal dictators, he was still an agent of some pretty terrible imperialism.

              Secondly, there’s a reason why I specified post industrial societies. The most successful leftist governments had the advantage of being able to industrialize their nations. Being able to increase the power of a centralized government while simultaneously improving the quality of life of its citizens is one of the more powerful carrots in the revolutionary arsenal.

              • @Grandwolf319
                link
                22 months ago

                Oh so your basically saying revolution style changes are kind of not possible in an industrialized society?

                Hmmm, I disagree but that’s a fair point.

                • @[email protected]
                  link
                  fedilink
                  22 months ago

                  Not necessarily, just that post industrialized nations tend to swing harder right when people begin to lose faith in the democratic process.

                  I think part of that is due to the lack of strong mutual aid groups and worker organizations that industrialization creates as a byproduct.

                  If we look at revolutionary movements in the 20th century for the most part the industrialized nations were the ones who were overtaken by fascism, while unindustrialized countries like Russia and China transitioned to socialism.

                  It was one of the wildcards that early socialist didn’t really forsee, which is why everyone was so surprised that the first revolution to succeed was in Russia instead of Germany.

  • AllahOP
    link
    fedilink
    1112 months ago

    i am starting to think excessive rich people are not THAT good for society

      • Chainweasel
        link
        fedilink
        English
        212 months ago

        I know that no one is actually serious when they say this, but I think all it would take would be one.
        If we just drag Bezos or Musk out in the streets and have an actual barbecue with them I feel like the rest would start to support a wealth tax pretty fucking quickly.

        • @[email protected]
          link
          fedilink
          102 months ago

          The rich would use the media to create a zombie style fear of the average person and sow paranoia to rouse security systems like police and national guard to action. They would lock down everyone rather than suffer losing one person.

          Keep in mind that eating just one rich isn’t as scary as the promise of eating more. The rich will use their their considerable resources, and cooperate, to stop them from succumbing to populist hunger.

    • @[email protected]
      link
      fedilink
      12 months ago

      Money is not true value, currency is a placeholder for true value that is used to facilitate trade. Rich people are worth less than the profits they extract from coordinating labor. But they extract enough to think they’re still better than those they exploit.

  • Flying Squid
    link
    fedilink
    462 months ago

    We’ll see if Saudi Arabia’s attempt to control the West works this time. They sure do a good job with the U.S. despite being behind 9/11.

  • @[email protected]
    link
    fedilink
    322 months ago

    Sell to whom? Do Euro bonds work differently than in the US?

    You can sell bonds in the US and it’s only slightly different from selling a stock. The bond changes hands, but the government debt and interest payments remain static. (The buyer and seller get to deal with premium/discounts and accrued interest, but that has zero effect on the underlying debt from the issuing government)

    I don’t understand why this would be a bad thing for them to sell.

    • @[email protected]
      link
      fedilink
      English
      192 months ago

      Europe is selling new bonds all the time, and the price buyers will be willing to pay for them will fall.

  • @[email protected]
    link
    fedilink
    242 months ago

    Using bonds to blackmail the European Union? I hope they will be barred from buying bonds for all eternity.

  • OBJECTION!
    link
    fedilink
    -182 months ago

    If the Saudis disinvested from the dollar and started selling oil in yuan, it would severely weaken US soft power around the world. At the same time, seizing the assets would remove a bargaining chip from potential peace talks. And those assets likely wouldn’t be enough for Ukraine to win anyway.

    Turns out when you steal other countries’ assets (as with Venezuela), other countries stop trusting you with their money and start trusting other countries (like China) with it instead. If they wanna speedrun losing a second cold war, that’s the way to go.

        • @[email protected]
          link
          fedilink
          English
          82 months ago

          the global market has decided that your whataboutisms are wrong. theres no currency on earth that is more reliable than the USD. it’s FAR from perfect to be fair, but it sets the bar.

          when there is a stablecoin that is worth trillions of dollars, things might change.

          • @[email protected]
            link
            fedilink
            -8
            edit-2
            2 months ago

            Ok buddy.

            Just FYI? It’s not a whataboutism when you’re already directly comparing two things. That’s just how comparisons work.