22
EU can no longer afford national vetoes on foreign policy, says Germany's Scholz
(www.channelnewsasia.com)
News from around the world!
Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc
The people in EU were not informed on the effects of the policy EU is taking, and now that they're finding that out they're increasingly unhappy with the policy.
Far from being tangential, this is central to why the conflict was provoked.
All of western weapons stockpiles are being depleted at an alarming rate right now. Meanwhile, British military think tank found that the west lacks industrial capacity to produce weapons and ammunition at scale. What that means that the weapons sent to Ukraine cannot be easily replaced now making Europe much more vulnerable than before. Not sure how that's in the interest of the people in Europe either.
What we've been discussing here is the economic war that EU got itself involved in and that's destroying European economies at the moment.
I would absolutely say that, but that's not central to the point I was making earlier.
Simple answer, it's because bourgeoisie are international. They're not the ones who are going to take the brunt of the damage from all this. The capital will move to other countries, largely to US, and then when European economy crashes these capitalists will buy everything up for pennies on the dollar. What we'll see will be a huge wealth transfer to the top, which is precisely what happens during every economic crisis.
The financial economy has no inherent value to it, it's tangible things like land, housing, factories, and so on that have value. When Europe crashes, people who anticipated the crash and weren't directly harmed by it will see a huge boon.
Many people in Europe have certainly been manipulated into supporting this conflict without being told all the facts. Now they're seeing the consequences, and that is already creating political blow back for the instigators.