• Awoo [she/her]
    ·
    10 months ago

    What's gonna be the long term effect of this? Predictions?

    • wopazoo [he/him]
      ·
      edit-2
      10 months ago

      price of consumer goods rise

      if it escalates into something bigger, it might lead to the end of cheap consumer goods in the west

        • wopazoo [he/him]
          ·
          10 months ago

          Do you claim that the era of cheap consumer goods has already ended in the west? You really haven't experienced what expensive consumer goods feels like.

          • Lemmygradwontallowme [he/him, comrade/them]
            ·
            edit-2
            10 months ago

            Tell me, what does it look like? (Srsly I don't understand)

            Because the groceries here in Canada are damn expensive, compared to Dubai, U.A.E or Singapore, considering my migrant parents' salaries there must either be more larger, have better purchasing parity or both....

            • wopazoo [he/him]
              ·
              edit-2
              10 months ago

              https://youtube.com/watch?v=f66GfsKPTUg

              Luanda, Angola is what will happen when global supply chains collapse. KFC cannot be had for less than 20 US dollars. A pint of Haagen-Dazs costs 17 US dollars. This is what will become of imported consumer goods once global supply chains collapse.

              Consider that in the USA even poor people drive cars. Do you think that poor people in all countries can afford to drive cars? In many places, a Toyota Camry is considered a luxury item.

              • DamarcusArt@lemmygrad.ml
                ·
                10 months ago

                KFC cannot be had for less than 20 US dollars.

                Oh, looks like the collapse is already here in Australia then. KFC is expensive as fuck over here.

                • wopazoo [he/him]
                  ·
                  10 months ago

                  20 US dollars is quite a bit more when you view it from the perspective of an Angolan salary, rather than a western salary. But I do reckon we are in the early stages of a global supply chain collapse.

                  • DamarcusArt@lemmygrad.ml
                    ·
                    10 months ago

                    Yeah, I was mostly joking, but inflation has increased a lot lately, people can afford less and less these days, rent's going up, bills are going up, cost of living is going up. I've been used to not being able to afford much my entire adult life, but quite a few of my friends are finding out that "living within their means" has quite a bit less spending than it did a few years ago.

              • Frogmanfromlake [none/use name]
                ·
                10 months ago

                The entire world really is turning into Guatemala lol This is pretty close to how we live as well. It sucks.

            • aaaaaaadjsf [he/him, comrade/them]
              ·
              edit-2
              10 months ago

              It looks like the cost of the latest iPhone or premium Android device being over half a years salary at minimum wage. Eating fast food becomes a luxury because it's expensive.

        • CommanderCloon@lemmy.ml
          ·
          edit-2
          10 months ago

          We're gonna learn the difference between greed expensive and "oh shit we can't import the production of our abroad slaves" expensive

    • IceWallowCum [he/him]
      ·
      edit-2
      10 months ago

      Prices + unemployment 📈 -> people won't make enough money to buy stuff other than maybe food -> companies can't pay off their debts or sustain their inflated production, feeding into a feedback loop of higher prices and unemployment -> no more credit from the banks, as they know they won't get paid back -> companies won't be opened anymore, trying to expand will become impossible, global monopolies will take over the production vacuum and become even stronger, dragging the world deeper into imperialism.

      You know, ye olde capitalist crisis.

      Read Marx marx

      • Awoo [she/her]
        ·
        10 months ago

        Have we considered what this feedback loop will do in China? All of those consumer goods are produced there.

        • IceWallowCum [he/him]
          ·
          edit-2
          10 months ago

          I have no idea, since they can be more or less hands-on with their economy as they need. Maybe their industry would need an even more developed third world to make up for the lost consumption in the west, but now I'm just guessing

          Edit: enter BRI

          In the very long run, it probably ends with the west becoming "colonized" by more productive economies. Being the imperial core takes the heaviest toll on you, and Lenin noticed that over 100 years ago

    • redtea@lemmygrad.ml
      ·
      10 months ago

      Sisi uturn on some policies as all that tax revenue dries up, hoping to end the reason for Ansarallah's actions and get the ships flowing again.