3 ms·
True, some sectors are profiting but overal the economy will suffer greatly. Electricity prices are already insane in Europe (the bill this month was higher tha
by vimy 4y ago
True, some sectors are profiting but overal the economy will suffer greatly. Electricity prices are already insane in Europe (the bill this month was higher than my parent’s pension) and it will only get worse by winter. Factories will have to shut down and people won’t be able to heat their homes. Already happened last winter but this year it will be on a much larger scale. And let’s not forget about the skyrocketing food prices. This war is pushing millions of middle class Europeans into poverty. The best thing for the economy would be to just give Russia what they want.
So I don’t think the West is in it to make money. Not at all. If it was up to the Eastern EU countries they would send their armies to fight in Ukraine. They are scared of Russia. That’s their primary motivation, not profit. Other EU countries are alarmed but they lack the traumatic experience of Soviet occupation so they are less eager to fight. Still they are smart enough to realize if Russia succeeds the Baltics or Poland could be next. So the EU helps out of self preservation.
The US just sees this as an opportunity to damage Russia, they prefer to stretch this war out. The EU wants it to end as fast as possible.
I don’t see a profit motive.