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Yogthos

As the capitalist crisis accentuates, as the oppression of third world countries because of their inability to service their external debt increases through the imposition of “austerity” by imperialist agencies like the IMF, and in turn calls forth greater resistance from them and greater assistance to them from China, the US-China contradictions will become more acute and the tirades against China in the west will grow shriller.

peoplesdemocracy.in/2023/1105_

peoplesdemocracy.inWestern Left and the US-China Contradiction | Peoples Democracy

@yogthos

Excellent analysis as usual from the CPI(M).

@yogthos Food for thought: Elon Musk could retire the debt of every single developing nation and still have $26 billion left over.

@farbel @yogthos
wouldn't he suffer from 'slippage'?
once it was known that he was selling stock holdings, the stock prices were automatically start falling, leaving him holding alot less money than the headline figure...

Would still be an obscene amount of money for one man though

@benh @yogthos Yes, my statement assumes it is in cash. He could probably still do it if he spread it out over a few years.

@benh @yogthos Or he could just give them the stock.