yep definitely, the movement is not just CJP now. the Gov plan to co-opt the public anger against them and redirect it towards CJP failed.

CPI-ML and other left parties sympathize with the student movement as a whole, not just the CJP.

It’s very sus he’s going after just one minister instead of Modi or the BJP.

Also, he’s very into “apolitical” posturing. Every party is bad, including liberals and the left. Meanwhile, he isn’t doing any movement-building.

The protesters are from left and liberal student unions. I’ve not read about them protesting this close to government buildings before.

Will it fizzle out? Idk, but I definitely have more reason to see the movement as legit considering all the state repression. Not the CJP themselves, but the student unions and all.

Though I think there should be concerns about what will replace the fascist regime. The new governments in Bangladesh, Nepal, and Sri Lanka didn’t fix unemployment and followed “sound finance” austerity.

Anti-government protests in India

Article

Article 2

My take: The Government tried controlled opposition psyop with the CJP thing, that’s why there was little state repression against them in the beginning, the state mostly accommodated. Favorable coverage from corporate-state media.

That was until today, when the movement turned out to be less controllable. The state has increased the repression, police beating up protesters, barricades around Gov buildings etc. So, back to being treated like how the farmers and protesters generally are treated like in India under the fascist regime.

Focus on fixing the foreign currency debt and the economy first. 😭

:polface: Nothing ever happens

Russia doesn’t need oil exports to function.

#SoyRight

All the discourse surrounding USAID on twitter shows how selfish some Americans are.

I do think USAID is a weapon for US influence but I also understand the funding sustains many lives.

However, the right wingers are saying it’s bad because “muh tax dollars”. All me me me bullshit.

The US and the West obtains cheap resources from the rest of the world, especially the global south and the world at best gets financial claims and/or the prices on third world output is forced down for extraction purposes.

The US doesn’t deserve third world output.

“Cyberpunk is cheaper on PS5 than PC due to secondary market”

Literally free on PC.

they do supply side nonsense, like saying Europe is doing bad because

Fixing that problem would mean bringing down energy costs, making labour markets more flexible, integrating markets for capital and services and culling unwise regulations.

Energy costs, fine. But rest is neoliberal junk.’

They have nothing, because the state isnt allowed to do anything. So all they can do is call for more ‘reform’.

True, but the exchange rate will move automatically if Germany is able to borrow and buy foreign currencies for fuel or whatever.

The issue with Eurozone is the member countries can’t borrow without risking interest rate going up. At extreme, the market won’t accept any rate due to default risk. Or that was the case before Draghi did “whatever it takes”. But even after, the members have been reluctant to spend since it all depends on the ECB, an organization most members have limited control over (combined with ideology).

Germany, I’m not sure. It’s debt does have lowest spreads compared to the ECB floor rate. But even here, the market can threaten a left leaning Government wanting to move away from neoliberalism, and ECB itself can refuse to provide credit.

But yep, moving away from neoliberal policy for any Euro user would require leaving the union and setting up an actual central bank that has the obey what the sovereign says.

I meant as a stop gap measure to keep employment and output high. As for energy, the Euro can take a bit of hit (via depreciation) and compress other imports as needed to maintain energy for the time being.

Its the same thing I recommend third world countries do, setup a state import agency for fuel (many countries have it), stabilize key prices while compressing less essential imports and capital flows via exchange rates (eg rich may not able to afford as much foreign treats). This should work as long as the country earns sufficient foreign currencies needed to maintain imports in real terms.

Note: I’m not saying its costless, the cost would come from lower real imports for non fuel goods due to Gov crowding them out.

But i do agree, restarting nuclear power will lower real factor costs.

Very ‘easy’ solution to all this, financially and economically very possible, politically not so much. Nationalize VW, BMW etc. keep everyone employed, sell the cars at whatever price needed to earn maximum foreign currency while maintaining productive capacity. Long term, invest more in EVs and possibly, small inexpensive (factor cost wise) cars.

There is no China threatening European market, only bad economics.

Mfers need to learn accounting and learn difference between real and financial assets 😭

The eggs produced by the goose are a real asset (a commodity). The company is valued in financial terms (shareholder value). For the company to realize the profit the eggs have to be sold to someone who has the money, and the money obtained should be above cost for shareholder value to rise (normally).

The goose (or rather Goose Inc) can be magically valued using made up very optimistic models. Say, a goose produces 1 egg a day worth $5000 (they assume it can be sold at a high price forever lol) so that’s $150k a month, now take that towards a century, now the goose can be valued at $180B. That’s discounted cash flows.

Point is the goose value is definitely not 0 even in the beginning. Even conservatively you can say the eggs can be sold at some price for the future. In reality, the situation is the opposite usually, the goose is often very overvalued.

Now, convince fools to buy your stock even without many eggs being sold then you can mark the stock at whatever price it was last sold.

this why they not selling it on PC lmao. smh

Idk how much it’ll mean considering the Congress is Zionist and neoliberal in aggregate. But the fact that the worst people are crying ab this makes me happy.

‘Prediction’ markets in action lmao

Libertarians when the Government increases spending to reduce poverty, increase employment: “my hecking hoards”.

Libertarians when a centibillionaire prints and dumps shares no one wants leaving existing shareholders holding the bag just so he can have more Government money:

claimed to have ended austerity

💀