I wasn’t curious enough to look deeper.
the world adapts :)
US likes to impose arbitrary sanctions on its adversaries. Basically the US government decided that people from a particular country aren’t allowed to collaborate with people using US based platforms like GitHub.
OrganicMaps GitHub repo was blocked due to contributor being geolocated in a US-sanctioned place https://mastodon.social/@organicmaps/114155428924741370
Hilarious of you to keep parroting this myth as both EU and the US have now admitted to funneling hundreds of billions into this proxy war along with countless military equipment from NATO.
Both Gaza and Ukraine exposed liberals as being complete and utter ghouls without a hint of humanity. These people will condone endless human suffering as long as it advances their political agenda.
While the US economy is far from doing well, access to cheap shale energy and a residual industrial base keeps it afloat compared to Europe. It’s also amazing that people are still regurgitating the myth that Russia is merely a gas station with nukes. This lazy analysis ignores Russia’s dominance in tangible material production. Russia is the world’s top exporter of natural gas, second-largest oil producer, largest wheat supplier, a key producers of fertilizers, palladium, and uranium just to name a few things. These aren’t abstract service-sector GDP numbers that form the basis of European economy, they’re the bedrock of global supply chains. When measured by output of physical goods such as energy, food, and metals, Russia’s economy dwarfs Europe, which having deindustrialized itself is left reliant on importing precisely these resources.
Europe’s lack of self-sufficiency is staggering. The EU imports around 60% of its energy and 45% of its food, with entire industries like chemicals and steel now dependent on overpriced US LNG or shaky Middle Eastern supply lines. Sanctions on Russia backfired spectacularly. Europe ended up cutting off cheap gas which led to collapse of the industrial base, spiking energy costs by 300% and leading many of the remaining factories to flee to the US or Asia. Meanwhile, Russia redirected exports to China, India, and the Global South, proving its commodities are indispensable. GDP metrics which count Belgian bureaucracy and Spanish tourism as “growth” are irrelevant to real economic power.
This is where BRICS flips the script. Countries like Hungary and Slovakia are already defying Russian sanctions decrees from EU to secure cheap gas and nuclear deals. BRICS offers these countries an economic lifeline with access to Russian energy, Chinese manufacturing, and a bloc representing 45% of humanity along with 30% of global GDP in purchasing power terms. Why cling to a stagnant EU that enforces austerity and energy poverty when BRICS provides affordable resources, infrastructure investment, and a path out of the dollar-dominated financial system? Hungary and Slovakia aren’t just posturing, they’re hedging against a EU so that they can keep lights on. Once one domino falls, others will follow, unraveling the myth of European unity.
In the end, GDP spreadsheets won’t save Brussels. Material reality is relentless, and either Europeans bow to American demands and decay, or pivots eastward where tangible material development is happening.
get some new material troll
Why would Russia need to militarily take over Europe. They’re just going to wait for Europe to collapse economically, and then exercise influence through political capture. Europeans played themselves, and now the EU will be divvied up by the US and Russia.
huh?
90% of families in the country own their home giving China one of the highest home ownership rates in the world. What’s more is that 80% of these homes are owned outright, without mortgages or any other leans. https://www.forbes.com/sites/wadeshepard/2016/03/30/how-people-in-china-afford-their-outrageously-expensive-homes
Chinese household savings hit another record high in 2024 https://www.wsj.com/livecoverage/stock-market-today-dow-jones-bank-earnings-01-12-2024/card/chinese-household-savings-hit-another-record-high-xqyky00IsIe357rtJb4j
People in China enjoy high levels of social mobility https://www.nytimes.com/interactive/2018/11/18/world/asia/china-social-mobility.html
The typical Chinese adult is now richer than the typical European adult https://www.businessinsider.com/typical-chinese-adult-now-richer-than-europeans-wealth-report-finds-2022-9
Real wage (i.e. the wage adjusted for the prices you pay) has gone up 4x in the past 25 years, more than any other country. This is staggering considering it’s the most populous country on the planet. https://www.youtube.com/watch?v=Cw8SvK0E5dI
The real (inflation-adjusted) incomes of the poorest half of the Chinese population increased by more than four hundred percent from 1978 to 2015, while real incomes of the poorest half of the US population actually declined during the same time period. https://www.nber.org/system/files/working_papers/w23119/w23119.pdf
From 1978 to 2000, the number of people in China living on under $1/day fell by 300 million, reversing a global trend of rising poverty that had lasted half a century (i.e. if China were excluded, the world’s total poverty population would have risen) https://www.semanticscholar.org/paper/China’s-Economic-Growth-and-Poverty-Reduction-Angang-Linlin/c883fc7496aa1b920b05dc2546b880f54b9c77a4
From 2010 to 2019 (the most recent period for which uninterrupted data is available), the income of the poorest 20% in China increased even as a share of total income. https://data.worldbank.org/indicator/SI.DST.FRST.20?end=2019&%3Blocations=CN&%3Bstart=2008
By the end of 2020, extreme poverty, defined as living on under a threshold of around $2 per day, had been eliminated in China. According to the World Bank, the Chinese government had spent $700 billion on poverty alleviation since 2014. https://www.nytimes.com/2020/12/31/world/asia/china-poverty-xi-jinping.html
Over the past 40 years, the number of people in China with incomes below $1.90 per day – the International Poverty Line as defined by the World Bank to track global extreme poverty– has fallen by close to 800 million. With this, China has contributed close to three-quarters of the global reduction in the number of people living in extreme poverty. https://www.worldbank.org/en/news/press-release/2022/04/01/lifting-800-million-people-out-of-poverty-new-report-looks-at-lessons-from-china-s-experience
None of these things happen in capitalist states, and we can make a direct comparison with India which follows capitalist path of development. In fact, without China there practically would be no poverty reduction happening in the world.
If we take just one country, China, out of the global poverty equation, then even under the $1.90 poverty standard we find that the extreme poverty headcount is the exact same as it was in 1981.
https://www.currentaffairs.org/2019/07/5-myths-about-global-poverty
The $1.90/day (2011 PPP) line is not an adequate or in any way satisfactory level of consumption; it is explicitly an extreme measure. Some analysts suggest that around $7.40/day is the minimum necessary to achieve good nutrition and normal life expectancy, while others propose we use the US poverty line, which is $15.
https://www.cgdev.org/blog/12-things-we-can-agree-about-global-poverty
That’s just how an ostrich rests.
The refreshing thing about the Republicans is that they don’t do the liberal gymnastics the Democrats do, and just tell it like it is.
Meanwhile, Russia has actual control of them on the ground.
Yeah, Huawei demonstrates that worker ownership works at scale and that a worker owned company is just as efficient and competitive as the best oligarch funded companies. It’s a threat of a good example.
meanwhile blueAnon runs around making excuses
Mr Ren is the founder, and the company was started as a cooperative as I recall. The total size of the company is 207,000 people, but typically people have to work at a company for a bit before becoming part of the cooperative. Hence why there non owner members.
Indeed they do
Ownership
Huawei Investment & Holding Co., Ltd. is a private company wholly owned by 151,796 of its employees and retired beneficiaries, as of December 31, 2023. Mr. Ren’s investment accounts for nearly 0.73% of the company’s total share capital.
Yeah that’s going to be interesting to see. Putin already stated that Russia will not allow foreign companies to operate in Russia the way they’ve done previously. So, it’s likely to be a much more limited arrangement this time around with Russian companies owning majority share in any joint projects.