If there is no rule of law, capital, talent and trust are flowing out of that country - for good reason.
If there is no rule of law, capital, talent and trust are flowing out of that country - for good reason.
Translation: "Some of us in Europe are ready to drop drop bread in favor of eating cake, whatever the cost."
Easy for you to write cheques that others have to cash. Be careful with such suicidal empathy, as that has second order effects that back-fire in spectacular fashion. That's why you're supposed to put your own oxygen mask on before helping others.
>It's just russian backed populists are ready to rile the crowds for any price increase whatsoever..
TIL that if you aren't gonna sacrifice yourself for Ukraine and prioritize your family's survival, wanting to have a job, a roof over your head and food on the table, somehow makes you a "Russian populist" now. Interesting logic.
You'd think much differently if you or your family would face unemployment, homelessness or malnourishment due to the economic damages caused by a surge in energy costs across the board. Half my immediate friend circle have lost their jobs in the last ~2 years due to the economic situation, my grandma can't afford her bills from her pension without financial support from us, while access public services like healthcare and childcare has only gotten worse, despite us paying more for everything. Not exactly the environment people feel like gutting themselves even further for a foreign country, whichever that may be.
I don't know where you're from, but at least Germany's problems run way deeper than their idiotic energy policies. Lack of investment in infrastructure, lack of innovation and all that. Even with cheap energy there's no way German car makers would compete, when Chinese make better EV's for less money. Laziness and lack of innovation is the problem, just like in European IT sector, which just buys everything from America.
Also, let's not forget the huge impact Covid spending had on inflation, and in turn interest rates & people's purchasing power. Ukraine war and sanctions against Russia are completely insignificant compared to that blunder. We're living the recession that was supposed to happen in 2020.