What a sad, sad, article. There is no logical reason why a conflict in Israel/Palestine should affect 90% of the world’s economy. The country/countries are very small and not dominant players in any major world industry. So if the claim is true, it only goes to show that the current global economic system is a complete failure. If the claim is false, it goes to show that capitalists will seize any excuse to take our money.
So they’d get to blame a global recession on Russia/Hamas and also discipline the labor force so they stop being so uppity?
Sounds like a win/win for the ruling class. Just gotta position your investments right to ride out the recession.
“let’s blame Hamas for the recession because we sure as hell can’t blame Russia for it”
we sure as hell can’t blame Russia for it
Im pretty sure “its the russians fault” is americas go-to for any instance since forever
We’ve been promised a recession for several years now. And eventually it will be right… kind of how the clock is right 1c a day.
Some context for the last tldr’d paragraph:
The negative Wall Street sentiments about the global economy have been echoed elsewhere. Last week, the Economist published a leader article entitled: “The world economy is defying gravity. That cannot last.”
If there’s any group of cry-wolf financiers I could take less seriously than Wall Street, I cannot think of them.
Why take their counsel on anything?
