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> And the final step would be to sanction China to hell and beyond for their hoarding [2] which was a major price driver even before the Russians invaded. One m
by vosper 4y ago
> And the final step would be to sanction China to hell and beyond for their hoarding [2] which was a major price driver even before the Russians invaded. One might be inclined to believe China fully knew what was about to go down and decided to profiteer.
Why does any country have an obligation to export? I get that other countries might like them to, but sanctioning a country for not selling you something seems wrong. I get that sanctions are coercive, but usually not like that?
- woodruffw 4y agoI think the implication is that China had previously imported much of their reserves and is now reselling at an opportunistic time. The argument for sanctions would be similar to the argument against price-gouging or scalping.
- erklik 4y ago> reselling at an opportunistic time Are they reselling? I don't think China is really exporting any grain at all in any major amounts. They can't satisfy domestic demand and prices are soaring. To then sanction a country for not selling to you is kind of bonkers in my mind.
- finiteseries 4y agoIt’s not about exporting, China can’t feed itself. Dependency on food imports doubled within like 3-4 years recently.
- vosper 4y agoSanctioning a country that can't feed itself for importing food seems even worse?
- finiteseries 4y agoWithout any additional context, of course. It’s the effect on global markets x when/how they’ve been stocking on reserves that can be questioned. Chinese food (in)security is world food (in)security.