What could become an economic boom will become a century of humiliation for Europe
Well done Europeans, catering to Trump
The mineral riches hiding under Greenland's ice
21–30 of 217 posts
Re: The mineral riches hiding under Greenland's ice
#22The events of the past 12 months, culminating in Venezuela and now Greenland, has made me reevaluate a lot of my beliefs about unimpeded competition between free agents (i.e. a free market) leading to the best and most peaceful outcomes. Clearly, a few participants becoming disproportionately powerful is a failure mode. The way I've tried to reconcile my beliefs with what are clearly contradictory observations in the…
Always has been. Big powers have always been meddling in other nations.
Re: The mineral riches hiding under Greenland's ice
#23
Re: The mineral riches hiding under Greenland's ice
#24Can't wait for the CNN headlines: "DANES CHEER AS TYRAN PRIME MINISTER CAPTURED", "DANES WELCOME FOREIGN LIBERATORS", "DANISH ECONOMY TO BOOM WITH FREE MARKETS REFORMS"
Re: The mineral riches hiding under Greenland's ice
#25There are a few things that confuse me about this potential acquisition: 1. You won't govern it. Greenland has it's own Self-Government Act. [0] 2. You won't own the land. Almost all land is owned by the State. [1] 3. The Danes have no special land ownership rights. [2] 4. Land use rights, however, are granted for different activities (fishing, mining) subject to approval. [3] I'd imagine none of this changes under a…
What I wonder is about the second order effects. I mean, I'm pretty far from Denmark but here the talk is pretty much like an existential crisis.
Even if the US does nothing about it, seems that many people has finally realized that Europe has no allies.
This has a lot of implications regarding the Pax Americana, the US/EU financial system, Eurasia, and many others.
I don't see any positive outcome for the west in general. Europe in particular is screwed but besides short-term gains I don't think the US is going to be able to sustain anything but very fragile and transactional alliances, if any.
Re: The mineral riches hiding under Greenland's ice
#26The events of the past 12 months, culminating in Venezuela and now Greenland, has made me reevaluate a lot of my beliefs about unimpeded competition between free agents (i.e. a free market) leading to the best and most peaceful outcomes. Clearly, a few participants becoming disproportionately powerful is a failure mode. The way I've tried to reconcile my beliefs with what are clearly contradictory observations in the…
> The way I've tried to reconcile my beliefs with what are
Why are you doing this "effort" to alienate yourself in place of blaming the country and government responsible for this?
Re: The mineral riches hiding under Greenland's ice
#27The events of the past 12 months, culminating in Venezuela and now Greenland, has made me reevaluate a lot of my beliefs about unimpeded competition between free agents (i.e. a free market) leading to the best and most peaceful outcomes. Clearly, a few participants becoming disproportionately powerful is a failure mode. The way I've tried to reconcile my beliefs with what are clearly contradictory observations in the…
Always has been. Big powers have always been meddling in other nations.
"The strong do what they can, and the weak suffer what they must" Thucydides
Re: The mineral riches hiding under Greenland's ice
#28An investment broker comes to an old German still keeping money in a bank.
- Look, Americans announced plans to get Greenland and extract all the resources! It's time to invest in the stock market!
- But what if Denmark disagrees?
- Don't worry! America will just take it anyway!
- And if Denmark resists?
- Then America will invade!
- But what if NATO collapses when America attacks a member state?
- Well... then America won't survive alone in a hostile world.
- And if America collapses?
- Mein Herr... then surely it's worth losing a few thousand euros just to watch that spectacle, no?Re: The mineral riches hiding under Greenland's ice
#29Can we please wait till at least Q2 with another historic event? I'm getting tired.
At this point I'll even accept 1 single week without any historic events...
Re: The mineral riches hiding under Greenland's ice
#30The events of the past 12 months, culminating in Venezuela and now Greenland, has made me reevaluate a lot of my beliefs about unimpeded competition between free agents (i.e. a free market) leading to the best and most peaceful outcomes. Clearly, a few participants becoming disproportionately powerful is a failure mode. The way I've tried to reconcile my beliefs with what are clearly contradictory observations in the…
All "free market" ideals require no/low barriers to entry in order for the market to be "self regulating". Said absence of barriers to entry almost never exists, hence the idea of completely free markets is completely naive - you need regulation.
Markets also cannot account for externalities. If those externalities are something you care about (e.g. the environment you live in) - you need regulation.
Economies of scale abound in most markets, and this tends towards monopolies and regulatory capture. If you don't want monopolies, because you value your freedom as a consumer - you need regulation.
This is very basic economics - I wish it was more widely taught.