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Europe's New Gilded Cage (dialecticaldispatches.substack.com)
submitted 6 days ago by [email protected] to c/[email protected]
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[-] [email protected] 6 points 6 days ago* (last edited 6 days ago)

If the US is hoping to be able to replace China with Europe as a buyer for their LNG, i think they may be deluding themselves. China has a huge and growing demand for energy because it is a manufacturing giant. Europe is becoming increasingly deindustrialized and betting everything on the neoliberal transition to a fully hollowed out, financialized services economy. What happens when the demand for US energy craters because nothing is being produced here anymore? Will the US still be able to sell its LNG to us if there is so little industry to consume it?

[-] [email protected] 5 points 6 days ago

It doesn't seem like a sustainable strategy to me either, but it may be the US making the most of the hand they have. It's clear that the attempts to bully BRICS into submission aren't working, and are only accelerating the growth of trade outside the west. So, the only nations the US can still exert pressure on are their G7 vassals. The goal might be to try and stabilize US economy in the short term, and then cannibalize the rest of G7.

this post was submitted on 14 Sep 2025
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