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I'd say they're betting on their possibility to extract wealth from Turkey, and their bet, with their money on the line, is that Erdogan is bad for their possib
by pacija 3y ago
I'd say they're betting on their possibility to extract wealth from Turkey, and their bet, with their money on the line, is that Erdogan is bad for their possibility to extract wealth from Turkye.
- n2d4 3y agoWhen they bet on bonds, they essentially bet on the government not to default. When they bet against bonds, they expect a sovereign default, which would be terrible for everyone involved.
- egeozcan 3y agoWe are not talking about imperialist sources trying to colonize a nation. Capitalism has its shortcomings, which can surely be discussed, but it isn't an evil plan to reallocate the most resources from a zero-sum game to the "foreign capitalists".
- pacija 3y agoOf course not. We are talking about possibility to have businesses who will mostly employ local workers and mostly use local resources, some will maybe even pay fair local taxes, but whose majority of profits will move out of the country. Thus, wealth extraction.
- AbrahamParangi 3y agoYeah but you’d be wrong. The “foreign capitalists” are betting on Turkiye but mostly betting against other “foreign capitalists”.