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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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[–] 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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