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Ukraine war: G7 threatens sanctions if Iran sends Russia ballistic missiles (www.scmp.com)
submitted 2 years ago by to c/worldnews@lemmy.ml
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[–] 0 points 2 years ago (12 children)

I like the idea of economic incentives and I think they're extremely effective, although the ones on the other end of them usually take years before they start to feel the full effects.

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  • [–] 26 points 2 years ago (9 children)

    What people seem to not be noticing is that effectively the Global North is sanctioning itself. Meanwhile the Global South is making its own plans without them.

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  • [–] -3 points 2 years ago (8 children)

    It's incorrect to think that losing access to markets is beneficial for anyone, which is why using it as a bargaining chip to make people stop murdering each other is a good thing. Even if this imaginary Global South organization had another provider for goods, they're at risk of being abused or manipulated by a lower number of trade partners who can increase prices at will.

    I'm sorry that you disagree.

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  • [–] 27 points 2 years ago* (5 children)

    Some markets aren’t worth the trouble. It is not like Iran is losing access to China. It is losing access to a market that it had very limited access to if any.

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  • [–] -4 points 2 years ago (2 children)

    Competition drives prices down. Bare minimum economic theory for you, you're welcome for that.

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  • [–] 18 points 2 years ago (1 child)

    How long do you think before we see some G7 states break rank and join BRICS? Or do you think they will go down together?

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  • [–] 13 points 2 years ago

    Italy kind of tried to join One Belt One Road and pulled out when the Fash got elected. Macron made some noise about BRICS at one point but Macron makes a lot of noise about bullshit.

    I think there's also some merit behind the idea that letting G7 states into BRICS is a bad idea because there's nothing stopping them from being obstructive.

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