this post was submitted on 16 Mar 2024
231 points (96.4% liked)
World News
32211 readers
929 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's incorrect to think that losing access to markets is beneficial for anyone, which is why using it as a bargaining chip to make people stop murdering each other is a good thing. Even if this imaginary Global South organization had another provider for goods, they're at risk of being abused or manipulated by a lower number of trade partners who can increase prices at will.
I'm sorry that you disagree.
Some markets aren’t worth the trouble. It is not like Iran is losing access to China. It is losing access to a market that it had very limited access to if any.
Competition drives prices down. Bare minimum economic theory for you, you're welcome for that.