Yeah I think so. About 1/3 of all US stock value comes from 5 companies that ask heavily depend upon ability to peddle the products specifically manufactured only in the area that they locked down on the same day that our Russian sanctions took effect.
This tactic is as old as humanity. You do something that hurts yourself but hurts your enemy far worse, and you endure it temporarily because it will severely weaken or kill your enemy.
That is the whole point of sanctions, for example. Look at the constant celebrity messaging of how they will gladly pay $15/gallon if it hurts Russia (though that is actually fake and will hurt us far more than Russia).
Same reason the mega corporations were so supportive of covid restrictions, it would hurt them a little bit temporarily, but it would kill small business.
The intent with the “covid out of control in China” is twofold: keep supply chains broken/disrupted and keep the fear going so more lockdowns can come back to the west.
They're engaging in economic warfare against the West.
Yeah I think so. About 1/3 of all US stock value comes from 5 companies that ask heavily depend upon ability to peddle the products specifically manufactured only in the area that they locked down on the same day that our Russian sanctions took effect.
Own goal is how they roll.
Xi is probably invested in schwabs and wax.
Struggle against the paleface is a thing. Too.
This tactic is as old as humanity. You do something that hurts yourself but hurts your enemy far worse, and you endure it temporarily because it will severely weaken or kill your enemy.
That is the whole point of sanctions, for example. Look at the constant celebrity messaging of how they will gladly pay $15/gallon if it hurts Russia (though that is actually fake and will hurt us far more than Russia).
Same reason the mega corporations were so supportive of covid restrictions, it would hurt them a little bit temporarily, but it would kill small business.
The intent with the “covid out of control in China” is twofold: keep supply chains broken/disrupted and keep the fear going so more lockdowns can come back to the west.