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