That bill would impose tariffs of 500% on countries that imported Russian oil, Barrot said.

“Russia has found ways to circumvent the blockage imposed by Europe and the United States so closing the tap would grab Russia by the throat,” he said.

Ladies and gentlemen, the euros still have it in them. If you ever doubted the comedic prowess of the intellectual titans of the 4rth reich, think again.

It is not a problem to help nations trying to defend themselves from imperialists. I don’t think there is anything wrong with selling weapons to certain countries like pakisthan who need defending from India.

However, becoming a “major arms trader” is a different thing. It is problematic for many reasons.

1. You need to start putting money into R&D for a lot of different weapons, each suited to a different situation to satisfy the diverse needs of your diverse clientele.
2. The above also makes scaling up production a challenge, as you have more product lines.
3. Selling weapons to lots of countries creates a political problem. The public of the countries you sell to will question why they are relying on you.
4. It creates perverse incentives. Consider this psychotic shit for example.

Oh person writing for bloomberg, this is a good thing for china. A proletarian dictatorship should not become a major arms trader. It should design and stockpile weapons primarily for its own defensive use. American arms manufacturing has to deal with a myriad of issues due to its nature as a global supply chain and global war machine.

I find it reassuring that despite having such a massive economy and export dominance in almost all industries, and despite having such large quantities of arms production, virtually all of it is for defensive purposes. Although this may just be cope.

Kind of embarassing that I even know this, but their reasoning goes

1. Lower prices => lower profits
2. Lower profits => lower quantities supplied
3. Lower quantities supplied => people will die from lack of medicine

And if you assume that the supply is lowered enough, then tons of people die and it becomes genocide. Of course, the flip side of this that this person completely ignored is that price distortions can also occur in the other direction, where prices are high enough to entice more than sufficient production, but so high that it limits purchases from consumers. Currently, the American medical industry is firmly in that side of pricing (as evident by the fact that the rest of the world has much lower drug prices* and no shortages of drugs).

*even if you account for wage differences.

This is all econ 101 theory. Often times, you barely need to remember 101 shit to dunk on these so called “economics students”, who didn’t even properly learn the bourgeois version of the theory, only how to party and act arrogant online.

Going to sheaffication of G sometimes feels like I’m getting whatever the opposite of education is lol.

3Blue1Brown

The current goat of youtube math education. I don’t know what he is like on some of his streams (because I don’t care about those). However, his mainline videos really helped me understand a lot of math concepts.