view the rest of the comments
news
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
Look, Meloni’s government is far right but people are talking as though Italy had a choice to begin with. Even if Italy had been run by a socialist party, it still doesn’t have a choice.
The war in Ukraine has permanently severed Europe’s economic ties with Eurasia. This is America’s sanctions against Europe. This is America’s disciplining and punishing Europe for even trying something like building the Nord Stream pipelines.
The loss of Russian gas supply has crippled both Germany and Italy’s economies, both of whose manufacturing industries had heavily depended on cheap supply of Russian natural gas. The bombing of Nord Stream pipelines further drove home the fact that America would never allow Europe to break free of its grips.
Europe now lacks energy sovereignty, its fossil fuel supply is controlled by the US, its defense (NATO) is fully dependent on America’s funding, its currency has significantly weakened against the dollar (which is what most commodities are priced in), reducing its capacity to import and transition towards alternative (green) energy systems, and is now on the way towards permanent de-industrialization.
There is quite literally nothing Europe can do to get out of the crisis. If America cuts off energy supply to Europe, it’s game over for them. We are talking about severe economic depression when you have a deficit in fuel and electricity, which further cripples logistics, manufacturing, agriculture and basic infrastructure in the country. The quality of life is going to fall off the cliff if they even dare to think about doing something stupid.
All the far right nationalists in Europe, if they ever win an election in their countries, will find themselves in the same situation as Italy’s Meloni.
People like to make fun of Dark Brandon, but he really is one of the most ruthless presidents out there.
Europeans are supremely cucked. They will blame migrants and Islam as the root cause of their woes and happily bow down every time the POTUS arrives to invite domestic industries to move to the US lol
I know this is not a popular opinion here, but Nord Stream was always a bad idea. They should've spent that money and effort on alternative energy source development instead. Being reliant on fossil fuels is not energy sovereignty no matter what country the fossil fuels come from.
Cheap Russian gas was what allowed German manufacturing to compete with the rest of the world while paying their labor at relatively high wages. It was a significant factor in why post-2009 EU recovered its economy so rapidly.
Without a strong industrial economy, Germany (and the rest of Europe by extension) would never have the means to transition into green energy to begin with.
Nord Stream didn't help at all, though. All it did was let them keep kicking the can further. Again, if you're reliant on a resource from somewhere else, that's not energy sovereignty.
Europe never had energy sovereignty, that’s the point I was making. Without cheap Russian gas, Europe would have been much poorer than it is after the 2009 crash, unless they’re also willing to depress wages. How are they going to invest in green technology if they never had the money in the first place?
Depending on how you look at it, the natural gas is still a far more acceptable molecule for transition to green energy, than coal that Germany is rolling out to spite the Russians these day.
Yeah welcome to Europe. With Nordstream they were dependent on two parties, without it they are wholly dependent on one. How do you think that impacts their bargaining power with the one?
Yeah but now the Europeans are still burning natural gas but LNG which is way more energy intensive to create and transport. Even China, with its massive manufacturing capabilities in renewables and world leading investment still need gas and coal as they transition.
Nordstream wasn't the best option, but what's happening now is certainly worse.