Well, to an extent the gas pipeline not being accessible to Europe has fucked it over, but as for the living standards it's just regular old capitalism sucking everything dry. There's less profit to be had by Europe from leeching off the third world now, so it's turning inward. We don't have a 'big tech' or 'cloud capitalism' presence. We have relatively little other meaningful industry.
As for Britain, finance is the only sector unaffected. Corporate overlords and monopolies are hollowing everything out. Look who is set to gain in Ukraine - JP Morgan were one of the first investors in 'repairing' the country.
Ukraine, bleh. Of course we could put that money elsewhere. And true, the money derived from it by financiers and so on will be turned inwards at home to assist in our repression . But Ukraine isn't the big cause of death for Europe.
The pipeline played a role, but also the whole economic war with the sanctions, businesses decoupling ,etc. All of that did massive economic damage to Europe. On top of it all, US opportunistically started poaching companies as well. So yeah, it is capitalism, but the war created a perfect excuse to ramp up austerity and do wild stuff people would've never allowed otherwise.
Well, to an extent the gas pipeline not being accessible to Europe has fucked it over, but as for the living standards it's just regular old capitalism sucking everything dry. There's less profit to be had by Europe from leeching off the third world now, so it's turning inward. We don't have a 'big tech' or 'cloud capitalism' presence. We have relatively little other meaningful industry.
As for Britain, finance is the only sector unaffected. Corporate overlords and monopolies are hollowing everything out. Look who is set to gain in Ukraine - JP Morgan were one of the first investors in 'repairing' the country.
Ukraine, bleh. Of course we could put that money elsewhere. And true, the money derived from it by financiers and so on will be turned inwards at home to assist in our repression . But Ukraine isn't the big cause of death for Europe.
The pipeline played a role, but also the whole economic war with the sanctions, businesses decoupling ,etc. All of that did massive economic damage to Europe. On top of it all, US opportunistically started poaching companies as well. So yeah, it is capitalism, but the war created a perfect excuse to ramp up austerity and do wild stuff people would've never allowed otherwise.
Mm, yes that's true. I guess I just felt that it would all happen in time anyway regardless.
For sure, the direct of travel hasn't changed, the war just acted as a catalysts to speed things up.