• 88 Posts
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Joined 1 year ago
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Cake day: June 9th, 2023

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  • I am not saying media is not bias, but that some media just spins the truth, whereas others do not have a problem with fslse reporting. After all tankies are called tsnkies, because they ignored that the Soviets used tanks to violently get rid of the Prague Spring. This happens on the left as well.

    And yes that is why I like reading economics news websites like the economist. They report on subjects left leaning news tend to not care about, but which can be incredibly important. Also with rich people using their reporting as a bases for invedtments, makes it hugely important that they do not outright lie. Commentary on them is horrible though, unless they go somewhat agsinst the neoliberal norm, which is rarer, but usually some of the best stuff.



  • China has been waiving no intrest loans, which can not be repaid. Debt restructuring inckuding forgiving loans is part of a debt trap too.

    Beijing, which has come under criticism for its lending practices to poorer nations, accounts for almost 40% of the bilateral and private-creditor debt that the world’s poorest countries need to service this year, according to the World Bank. It has helped forge recent debt-relief agreements, participating in the Group of 20 suspension of repayments during the pandemic.

    (From the Bloomberg article) The amount is certainly right and already working with the Western lenders as well.

    The AlJazeera opinion piece you linked shows pretty well, what it means. After all the IMF adjustment programs were how the West was able to exploit the South. China is starting to take part in that exact process.

    Obviously those are just loans. Do you seriously believe they sign documents named “debt traps”?




  • China is currently debt trapping most of Africa. They pretty much appointed the current dictator of Zimbawe for example.

    The way I look at good and bad is on a scale. Whenever a country makes the life for the average human better in terms of material well being, but also political freedom, that is a good thing. Whenever they make those things worse then it is bad.

    A huge reason the US is the country doing so many bad things, is that nearly nobody else can. Any large scale war between two countries in recent times had the US being the agressor or the US intervening massivly. Iraq was done after invading Kuwait and Russia despute having nukes and a resilient economy is not liking it either.

    So we have to look at what countries choose to do with the power they have and the US is not the worst in that metric.

























  • First of all EVs do not need that much power. We are talking something like 25% more electricity production for a country like Japan. Then Japan has rather a lot of onshore and even more offshore wind potential. Mountains are a problem, but hardly something which can not be overcome. Solar can easily be installed on roofs and mountains are even less of a problem.

    Also really important to say it. Combustion engines in cars are massivly inefficent. So an EV is still better for the climate, even if run with coal electricity. The other factor is that Japans population is falling. So they will need less power over the long term.





  • Germany has monthly local public transport passes for 49€ for all local public transport including regional trains. So if you wanted to go that kind of distance, you propbaly buy that instead and use public transport for some trips in the city or for some other trip. For groups some states have state passes, which can be very cheap as well. Lower Saxony for example has the Niedersachsenticket, which is 25€ for the first person, another 6€ for the next and then 5€ for each of the next three people. That works for a day after 9am for all regional public transport in the state. So you could get everybody within a normal sized car on a similar distance for 46€.

    In other words, I am sorry, but public transport in the Netherlands is more expensive then in Germany. At least it is on time thou.