Comments by "bart thomassen thomassen" (@thomassenbart) on "Zeihan on Geopolitics"
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What you are talking about is not historical but modern. Prior to WWII, the Germans and Russians did not attempt to entangle their economies to avoid war. Hitler and Stalin did have a trade agreement but the purpose of that was not to avoid war, but to prepare for it, especially from Hitler's perspective. Also, prior to WWII, Germany was physically located in much of Poland, this was Prussia. Germany has a long history of being invovled in the East, going back to the conquests of the Teutonic Knights, in the Middle Ages, throughout the Baltic States and Poland. So, while I appreciate the analysis, it is historically incorrect, except since WWII and even then, only partially so.
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@nathangill8404 Child labor is not the same as forced or slave labor. The Dept of Labor distinguishes between the two. You should acknowledge that all nations, including our own also used child labor when industrializing.
The latest global estimates highlight
that 152 million children remain in child labor and 25 million adults and children toil under conditions of forced labor, including in global supply chains that crisscross our globe.
This is the list of goods supposedly produced in China by forced labor:
Artificial Flowers,
Christmas Decorations,
Coal, Fish, Footwear,
Garments, Gloves, Hair
Products, Nails, Thread/
Yarn, Tomato Products
Bricks, Cotton, Electronics
CHILD/forced LABOR &
Fireworks, Textiles, Toys
The People’s Republic of China has arbitrarily detained more than one million Uyghurs and other mostly Muslim minorities in China’s far western Xinjiang Uyghur Autonomous Region. (24)
It is estimated that 100,000 Uyghurs and other ethnic minority ex-detainees in China may be working in conditions of forced labor following detention in re-education camps.
So, given this information, it seems you have overstated your case. Inflation is not due to 'slave labor' nor to 'slave wages'. Certainly, lower wages in developing nations has kept prices down but that is simply a competitive advantage and often the only one such nations have in global capitalism and competition.
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Gaza is not the most densely populated place on the planet, not even close. Also, there are 2.3 million inhabitants of Gaza. The less than savory ideologies predate the open-air prison and the prisoners elected Hamas to power.
Gaetz got Mcarthy fired but the Congress was already dysfunctional and arguably immoral, with its inability to show a modicum of fiscal discipline. Having a $2T annual deficit, will bankrupt the nation and must end, even if it means shutting down the government for a time.
Doing this will not stop payments to the debt, SS, Medicare the military etc and will do so for all the non-essential foolishness. The mandatory spending can be funded one at a time by vote and appropriation as it should be, rather than multi trillion-dollar omnibus extensions of the previous budget.
It won't take years to go through Gaza with 300,000 troops, not even close.
Yeah, condemn the terrorists, i.e. Hamas, which runs Gaza and is supported by the bulk of the population. Killing those with whom you are at war, is completely legitimate and if civilians are killed because they are being used as human shields, that is also the fault of Hamas. There is no moral equivalence between Hamas and Israel and the tactics used by each.
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@robgrt This figure is totally fictious. Before throwing out such a sum, look at the GDPs of all of these nations or Africa entire. The entire continent generates about $3 trillion per annum. The former French colonies are among the poorest on the continent, with the exception of Morocco, Algeria and Tunisia. Here are some basic numbers for you:
Benin $17B
Burkina Faso $19B
Cote D'Ivoire $70B
Mali $19B
Niger $14B
Senegal $27B
Togo $8B
Guinea $21B
If we include all of the former sub-Saharan French colonies outside of West Africa such as:
Gabon $162B
Cameroon $462B
Chad $101B
Mauritania $58B
CAR $19B
So, if you total all the above, what figure do you get? We see that Gabon and Cameroon together about $620B and that all of the others is around $370B. Obviously, France is not taking $500B from these colonies. It's not possible.
The 500-billion-dollar theft myth is based upon the CFA currency and that countries using CFA Francs are required to store 50% of their currency reserves with the Banque de France, and the currencies are pegged to the euro. Notice this is currency reserves, not GDP or a tax or anything similar. Also, all members of the CFA currencies can quit at any time and establish their own money. The rules for accepting the CFA are:
1. unlimited convertibility of the CFA franc into other currencies guaranteed by France
2. fixed parity rate between the CFA franc and the French franc (then the euro)
3. free movement of capital between the countries of these zones as well as with France
4. deposit of at least 50% of foreign exchange reserves of the central banks concerned in Paris
These deposits were supposed to guarantee monetary stability for countries using the CSA franc and to inspire confidence from foreign investors.
France did/does not use these funds, which remain the property of these 14 African countries.
Until recently, this "operating account" opened in Paris was also remunerated by the Bank of France at a higher rate than those of the market rate (0.7%) which brought in several tens of millions to the two African central banks concerned annually. France required African countries using the CFA franc to pool 50% of their foreign exchange reserves (not their exports) with two African central banks which then deposited these with the French treasury, in return for a guaranteed exchange rate with the Euro (this rule ended in 2020). They were free to access these reserves if they wanted to and France paid interest while holding them (at 0.75%).
So, as with all things economic, there is good and bad. Countries using the CFA are tied to the Euro, which gives stability and tampers down inflation, and allows for easy exchange between CFA countries, however, the CFA because it is strong, necessarily lessens exports.
This is the reality of the situation. There is no tax and the money deposited in the Bank of France was 50% of reserves, to cover export imports, not of GDP, also this money is still available for each country, not spent by France. And, any money sent, has never been $500 billion or anywhere near this, since the entire region, is scarcely worth this much money.
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@aruak321 Let's see...no, yes I have a pair of sketchers, my wife buys from Costco, no, yes, no, no, no, no, no, no.
I suppose it depends on which sourced product you are talking about. I also believe if your assertion were viable, it would be illegal to import into the USA, so I'm dubious of your claim. 307 of the Tariff Act of 1930 (19 U.S.C. §1307), which prohibits importing products that are mined, produced, or manufactured, wholly or in part, by forced labor, including by forced or indentured child labor.
Regardless, the question is about the percentage of trade that might occupy and if it is significant as a determiner of inflation reduction.
Child labor, as I pointed out, has been the norm for all nations industrialization and may be the difference between a family being able to survive or prosper or not. You insist, seemingly, that child labor should not exist, from a safe Western out post. This seems neo colonialist and hypocritical as well as immoral. Should a family starve to make you feel better?
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@davidreese6519 I said that labor and wages are relative, which necessarily means that people buy different commodities for different prices and amounts depending on the local market. This is called supply and demand basic economics.
Your phrasing is queer and is a double negative in the first sentence and difficult to understand.
People buy things depending on what the cost of the product is and their ability to pay the price. What you pay for a chicken for example, in a US grocery store, would feed a family in many countries for days. In Thailand you can eat in a medium restaurant for two, with $4, same in Vietnam, Indonesia and many other countries. This is also true throughout out Africa but you will spend even less. It's all relative. Giving someone a few coins of dirham in Morocco, can literally get them enough for a meal.
So, if people are too poor to afford any food, they starve, beg, do whatever they can to get enough money for the next meal.
You imposing restrictions on labor exacerbates these problems and solves nothing.
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