this post was submitted on 16 Mar 2024
222 points (95.9% liked)
World News
32601 readers
612 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Lol they still haven't learned that sanctioning these massive countries just backfires
It doesn't though. Raising costs by forcing a country to dodge sanctions is very effective. A supply will never entirely dry up, but it will shrink and become more expensive, and that's enough.
It's just speeding up dedollarisation at this point. Trade is increasingly done in other currencies because the US dollar is just a minefield of sanctions and regulations. The US had this power back when they produced everything people needed, but nowadays everything's coming from China, so why involve a third party in your trade that can freeze your accounts for no reason?
So far sanctioning Russia and China has mainly just sped up the Global South's economic integration and China's becoming self-sufficient. I can see this happening with Iran too since its economy is already somewhat Global South-oriented.
Though of course, sanctioning less developed countries like Cuba, Venezuela, DPRK, and Afganistan does successfully greatly harm their working-class population, and it has.
Sanctions on Russia have crippled their ability to get modern chips for their war machine, so they have to rely on Soviet tech. They hurt Putin personally so much that he went and bought an entire Presidential campaign.
Well that part is true enough at least. Capitalist Russia naturally can't innovate as much as Socialist/Soviet Russia could. Even its highly sophisticated public transport like in Moscow are stuff that the USSR built; they'd probably be filled with high-speed rail by now, like China is, if it wasn't overthrown.
[citation needed]
Yeah that's a temp ban for holocaust trivialization if I ever saw one (the person you're replying to)
Lmfao the USSR directly funded and supported emancipatory movements all over the world, like Vietnam, Cuba, Korea, Bangladesh, Palestinian resistance organizations like the PFLP, etc; even directly supplied wars against "israel" for that last one. Afganistan is about the only one where the US and USSR funding opposite sides turned it into a warzone instead.
Russia's interests are still broadly aligned with most of the world against Imperial core countries. While they're not socialist anymore and have thus stopped funding Vietnam, PFLP etc because it's not profitable for the capitalists that are now in power since the USSR's overthrow, they continue to support the sovereignty of Global South countries like Syria, Venezuela, etc, and are a core part of BRICS. There's a reason sentiment like this is common in third world countries.
And if "Global South" sounds too academic for you... I'm not sure what to say.
Here is an alternative Piped link(s):
like this
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source; check me out at GitHub.
Russia's economic integration has undoubtedly been with the Global South in recent years. What, exactly, are you disputing from OP's comment?
I think it's a sanction on Iran, which... how much trade is really going between Europe and Iran