S&P is also projecting Russia manufacturing PMI expansion.
zephyreks
joined 1 year ago
Except the US was already demonstrating their willingness to restrict access to tech. We saw that in China when the US restricted access to semiconductors and semiconductor equipment because of the domestic issue in Xinjiang.
Nobody really cares about speed of shipping. People generally either need things fast or in high volume: if fast, you might as well fly it over; if in high volume, you might as well use a ship. You can design your supply chain around the shipping time with basically no cost: that's the principle behind JIT.
People care about volume and price, things which this corridor don't really affect. This corridor isn't going to be cheaper than transiting through the Suez, and because of that reason (if nothing else) it's DOA.
Sure, that's possible, but the cost of electrifying freight rail is rather significant too. The reason that ocean freight is so cheap is that the cost per unit weight (and of unit energy) of moving in the ocean is far lower than pretty much anything else.
Venice didn't really have domestic technologies that everyone else relied on and that couldn't be easily replaced because it costs the GDP of a medium-sized country to even develop.
Also, yeah, customs bullshit. So long as you're on a boat, you're at least somewhat safe from customs bs.
The US has shown that they're willing to weaponize their position in the West to block development of technology by key rivals like Russia, China, and India. The dependence that these powers had on Western technology is a key motivator against war... But today? If the US can unilaterally restrict access anyway, what's the motivation?
Oh, so it's a feels-based international order?
Until China and Taiwan deviate in their territorial claims, these operations are no less valid and no more provocative than the US sailing warships through the strait and conducting military exercises in the China/Taiwan EEZ claim.
At least in China you can get people executed for corruption and demoted for not following the will of the people 🤷♀️
The corridor asks for ships to load and unload instead of transmitting the Suez. It's expensive and idiotic and won't change a thing for how India already does trade with Europe. The only purpose of this corridor is to decrease dependency on Egypt, which will be joining BRICS+ soon. Why would India pay for that when they're literally a member of BRICS?
How well has NATO equipment fared on the front lines? With the exception of HIMARS (which has given Ukraine long-range artillery strike capability that Russia can't match), what's all this NATO equipment done?
The Patriot systems are parked far from the front lines in Kiev. The "indestructible" Challenger 2 has lost 14% of their delivered vehicles in barely a few weeks.
Ukraine needs artillery, ammunition, drones, and supplies. These new weapons have done nothing to shift the front lines whatsoever and serve only to distract the population from providing Ukraine with real, tangible military aid.
Ah yes, because everything you do is to meet societal needs and not to make more money for the 1%. That's why 34% of wealth in Canada goes to the top 1%.