this post was submitted on 14 Sep 2022
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GenZedong

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Ursula von der Leyen has stated that sanctions on Russia will remain in place until its economy is 'torn apart' - adding Europe's solidarity with Kiev is unshakable at a time to show determination.

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[โ€“] ProbablyKaffe@lemmygrad.ml 0 points 2 years ago (1 children)

I just watched this statement by Yanis Varoufakis https://youtu.be/NicE0-N9ux0?t=130

The price caps implemented in Greece are being used as the model for the EU-wide price caps. This model ends up paying the energy suppliers out of state pockets instead of just lowering the prices of energy to their real value (he even offers a 5% profit, it would still be 50% cheaper than current prices). It's a massive scam on the public.

[โ€“] PolandIsAStateOfMind@lemmygrad.ml -1 points 2 years ago* (last edited 2 years ago)

Story as old as capitalism. After every crisis, capitalist end up being richer than before. It's literally why bourgeois state exists, its primary function. Covid crisis was an arena for the biggest transfer of wealth up in the history. And this now will be more serious than Covid, it's base necessities crisis. It will be tragedy for billions, but a boon for the few.