> The funny thing is Russia’s economy shouldn’t be larger than Germany’s in real terms, since most of Russia’s output is base commodities, which have the lowest value-added component of any good in a market. The whole point of a sophisticated division of labor and economic system is to build up value through each stage in the production chain.

> Cars, for example, should have more ‘value’ associated with them than the iron ore that went into making the frame.

> This tells you how out of whack the world is in terms of the diversion of capital to unsustainable activity it actually is if a commodity producer is leading a manufacturing giant in wealth generation. This is exactly why the currency shift from debt-based to commodity-based money is going to be so painful.

@11112011 here for the quips and Austrian economics, the guys no general

@skells lol he says its likely capital flows to america bc russia can atack warsaw therefore europe is fucked

@11112011 mate Europe is fucked for at least 2 years unless we can get Russian gas flowing again, what planet are you on

@11112011 well, turn on Nordstream 2, not the little piss stream Putin is milking us w/rn

@skells @11112011

You mean MS is going vendetta because they changed from MS to linux?
@skells humm like gas cut to finland but cant do shit to prevent finland from buying it from estonia kinda fucked'?

@11112011 turning off a pipeline reduces supply, no matter who you're plan B is

@11112011 @skells So Estonia gets to set Finnish policy. By an extension if Estonia wants to continue receiving Russian gas, it was observe Russian policy. Therefore, Russia sets Finnish policy anyways.
@kakkerel @skells cept for the fact finland needs of russian gas are irrelevant

@11112011 @kakkerel I suspect the Finns aren't importing and paying for Russian gas just for a laugh

@skells @kakkerel well u could have gone but if they buying from estonia how is that beeig settled, but i guess u not tat smart
@skells @11112011

The West doesn't do any honest labor; the West doesn't produce children; the West will not fight for itself--though it will menace the nuclear holocaust of the entire world if its fake and gay demands aren't met.

What right do people like these have to tell other people how to live? Why shouldn't they go cold this winter?

The reservoir I have of tears for the West has dried up. I want to laugh at their predicament rather than bemoan their fate. They deserve this.
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@11112011 @skells What benefit do I conceivably derive from lying to you? I'm in the same predicament. The West needs to confess its public immorality and be put to a regimen of penitence, and considering the grievousness of the West's public outrageousness, God's going to be severe in his corrections.
@kakkerel @skells tis as nothing to do wit europe is not going cold no matter hgow much u guys scream

@11112011 > The problem we have today is that we act within a system which skims all the wealth created by our actions to the betterment of the people who produce nothing at all. All they produce is money and bad ideas, the former of which is based on your future labor and the latter sustained by it.

> Then they dupe you into selling your future labor back to you at a vig while trying to take all the intellectual property rights for your innovation and skill. We call these people Venture Capitalists.

> No wonder the Marxists see this system as exploitative. It is! But it’s also not the only way things can and/or should be organized. This isn’t a fault of capitalism and property but of our not properly pricing the cost of the State and all of its enforcement of our ‘rights.’

> This is what leads to the concentration of power in the hands of rent-seeking douchebags and vandals.

> Sustainable growth where all factors of production are properly priced up the value-adding chain is the first step. That will lead to the rewards being shared more equitably by all involved.

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