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Japan completely destroys your thesis. Resources in the ground are worth exactly ZERO. The technology and people to extract and transform those resources are t
by nickpp 3y ago
Japan completely destroys your thesis.
Resources in the ground are worth exactly ZERO. The technology and people to extract and transform those resources are the most valuable thing on this planet. Both are most abundant in US and slightly less in the EU. Asia not far behind but Russia is not even on the map.
- andreygrehov 3y agoJapan buys natural resources from Russia ignoring all the price caps. This year alone, the US has purchased twice the previous year of uranium from Russia. Europe, as many other countries, depends on Russian resources.
- nickpp 3y ago> buys That is the key word, clearly showing you where the value resides. Lots of countries (in Africa for one) with resources in the ground and starving.
- andreygrehov 3y agoThat is correct. I’m not arguing with that. Russia has all the processes to sell their resources efficiently.
- Gud 3y agoCountries can source their natural resources from elsewhere. Russia can't refine them into high technology products like the US, Western Europe, Japan, China, etc can.
- andreygrehov 3y ago> Countries can source their natural resources from elsewhere They certainly can. But that's not what they do. Russian prices are competitive.