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submitted 7 months ago* (last edited 7 months ago) by SeventyTwoTrillion@hexbear.net to c/news@hexbear.net

Image is from this Washington Post article, which shows the Shabara artisanal mine, where cobalt and copper are dug out by hand.


This preamble got much of its information from this article in ROAPE, and this article in People's World.

Countries in the imperial core have increasingly advocated for Green New Deals, whose primary goal is to re-attract manufacturing capability to somewhat counter deindustrialization, and then export some of this renewable energy generation to other countries to gain profit. Just as the initial wave of industrialization was built on massive resource exploitation of coal and iron and then oil, this wave is being built on exploiting metals like lithium, cobalt, and rare earth elements. The DRC is one of the best case studies on the planet for understanding the new dynamic.

The DRC is, to your average Western country, a resource bonanza. It is the 11th largest country by land area, and contains lithium, copper, and cobalt in massive quantities, famously containing two thirds of the world's known cobalt supplies. The Western world and their institutions swarmed the DRC like piranhas, dismantling the Congo's sovereignty over its natural resources. China was not terribly involved in the privatisation process, but has stepped in to benefit from the West's work - Chinese corporations account for 40% of the production of major Congo cobalt projects (and 15 out of 19 cobalt mines), with Switzerland at 30% via Glencore, and Kazakhstan at 22%. The US, for whatever reason, withdrew from majority ownership of some projects in the mid-2010s, but is now anxious about China's position in the cobalt markets. Western countries in general have spent their time lately drawing up critical minerals strategies both to keep capitalism chugging along in their own countries, and attempt to weaken China, which invariably involves the Congo.

The Congo has attempted to resist imperialist encroachment. In 2018, the Kaliba administration asserted a new Mining Code which raised tax and royalty rates and increased state ownership in mining firms from 5% to 10%, and these changes were bitterly resisted by the West right to the end. Since 2019, under the Tshisekedi administration, the government established the state-owned EGC, which sought to take control over the processing and export of artisanal and small-scale cobalt production, which comprises 5-15% of cobalt production in the Congo. More recently, Tshisekedi is planning to move up the manufacturing chain - instead of merely mining cobalt, they want to refine it there and then make electric vehicle batteries and other such products with it, which would be an industry worth trillions of dollars. But so far, there hasn't been much movement away from having mining exports as the backbone of the economy, and it's doubtful that plans to just keep doing this until they get rich enough to build refineries and factories will work. The profits mostly go to Western countries and have failed to produce significant benefits for Congolese workers, nor resulted in the emergence of domestic industries so far. Reforms will help a little, but only a little, and they remain fundamentally constrained by the markets and the whims of the West.

Meanwhile, war and mass displacements have put immense stress on the country. There are 7.1 million displaced people in the DRC due to various conflicts and mass displacements - most recently, the war between the Congolese army and M23. Hundreds of thousands of people continue to be displaced every few months, and across the whole country, over 26 million require humanitarian aid. 6 million people have died in the eastern DRC in the last three decades, with hundreds of armed groups, both domestic and foreign, battling for resources and territory.


The COTW (Country of the Week) label is designed to spur discussion and debate about a specific country every week in order to help the community gain greater understanding of the domestic situation of often-understudied nations. If you've wanted to talk about the country or share your experiences, but have never found a relevant place to do so, now is your chance! However, don't worry - this is still a general news megathread where you can post about ongoing events from any country.

The Country of the Week is the Democratic Republic of the Congo! Feel free to chime in with books, essays, longform articles, even stories and anecdotes or rants. More detail here.

Please check out the HexAtlas!

The bulletins site is here!
The RSS feed is here.
Last week's thread is here.

Israel-Palestine Conflict

If you have evidence of Israeli crimes and atrocities that you wish to preserve, there is a thread here in which to do so.

Sources on the fighting in Palestine against Israel. In general, CW for footage of battles, explosions, dead people, and so on:

UNRWA daily-ish reports on Israel's destruction and siege of Gaza and the West Bank.

English-language Palestinian Marxist-Leninist twitter account. Alt here.
English-language twitter account that collates news (and has automated posting when the person running it goes to sleep).
Arab-language twitter account with videos and images of fighting.
English-language (with some Arab retweets) Twitter account based in Lebanon. - Telegram is @IbnRiad.
English-language Palestinian Twitter account which reports on news from the Resistance Axis. - Telegram is @EyesOnSouth.
English-language Twitter account in the same group as the previous two. - Telegram here.

English-language PalestineResist telegram channel.
More telegram channels here for those interested.

Various sources that are covering the Ukraine conflict are also covering the one in Palestine, like Rybar.

Russia-Ukraine Conflict

Examples of Ukrainian Nazis and fascists
Examples of racism/euro-centrism during the Russia-Ukraine conflict

Sources:

Defense Politics Asia's youtube channel and their map. Their youtube channel has substantially diminished in quality but the map is still useful. Moon of Alabama, which tends to have interesting analysis. Avoid the comment section.
Understanding War and the Saker: reactionary sources that have occasional insights on the war.
Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don't want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it's just the two of them if you want a little more analysis.
On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists' side.

Unedited videos of Russian/Ukrainian press conferences and speeches.

Pro-Russian Telegram Channels:

Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.

https://t.me/aleksandr_skif ~ DPR's former Defense Minister and Colonel in the DPR's forces. Russian language.
https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one.
https://t.me/s/levigodman ~ Does daily update posts.
https://t.me/patricklancasternewstoday ~ Patrick Lancaster's telegram channel.
https://t.me/gonzowarr ~ A big Russian commentator.
https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps.
https://t.me/epoddubny ~ Russian language.
https://t.me/boris_rozhin ~ Russian language.
https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a 'propaganda tax', if you don't believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses.
https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.

Pro-Ukraine Telegram Channels:

Almost every Western media outlet.
https://discord.gg/projectowl ~ Pro-Ukrainian OSINT Discord.
https://t.me/ice_inii ~ Alleged Ukrainian account with a rather cynical take on the entire thing.


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[-] HarryLime@hexbear.net 50 points 7 months ago

DPA says that the US confiscating Russian assets could lead to a global financial crisis and collapse. True or overreaction?

[-] mkultrawide@hexbear.net 46 points 7 months ago* (last edited 7 months ago)

If the US can take your money at their own whim, why would you keep all of your money in the dollar if you are maybe going to piss the US off at some point? It's not guaranteed to happen, but it's definitely possible. That's not even getting into stuff like retaliation from Russia.

[-] zed_proclaimer@hexbear.net 41 points 7 months ago

lots of bourgies internationally trying to straddle the fence right now, for example in Saudi Arabia, Turkey, India, Brazil, South Korea, Japan, Singapore, Indonesia, etc.

These are the kinds of people that will get panicked by the US and EU just arbitrarily deciding not only to freeze billions in reserve assets AND private property of individuals, but also permanently seizing it. They understand they could soon be under the same pressure and crosshairs if they don't completely submit to the US slurping them up and using them as proxies.

[-] SeventyTwoTrillion@hexbear.net 39 points 7 months ago* (last edited 7 months ago)

It'll take a while to actually pan out in my opinion. What'll probably happen is American analysts will write up pieces a day/week/month after it happens and go "See? Nothing major really happened, no big shifts, so I think Putin has been officially owned!" but in the background over the ensuing months and years, it'll become increasingly apparent that, oh shit, several countries have actually taken serious action to strengthen themselves against potential American financial attacks. So it'll be a "global financial crisis" when viewed in retrospect, but not like, the utter crash that the markets experienced in the first month of coronavirus lockdowns - it'll be a more orderly process. Even if there is a day 1 meltdown, it'll probably fix itself relatively quickly because there's not really any country or institution ready to replace the US on that timescale.

I'd be interested to see what effect, if any, it has on BRICS+, given that they seem fairly disinterested in formulating an organized opposition to Western financial hegemony right now, instead focussing on dedollarizing trade between themselves inside their club. Necessity is the mother of invention.

[-] zed_proclaimer@hexbear.net 34 points 7 months ago

Even just freezing the russian assets back in 2022 caused serious ripple effects. It jump started half the world's population to get off their asses and make their own payment systems, their own reserves, divesting from USD, not starting new foreign investments in the US, etc.

Like you said, it wasn't all at once all of the sudden. But I do think the US/EU could have gotten the whole world (minus China/Iran/DPRK and a few other based nations) onboard with sanctions packages against Russia if they hadn't overstepped their hand and made the foolish error to freeze the reserves. They could maybe have slowly introduced more and more sanctions packages with UN assistance by kicking up hay over atrocities (real and fabricated) as the war went on, slowly suffocating Russia if they played it smarter. But they arrogantly went right for the throat and missed, and now they look unhinged, unreliable and weak - breaking their own laws and still unable to punish Russia economically.

[-] Commiejones@hexbear.net 33 points 7 months ago

DPA is a drama queen. (and a transphobe.) Its how he gets clicks. There will be repercussions for stealing Russia's assets. It will not be a lynch pin that brings the whole tower of cards down. They are a whistle in the growing breeze that will collapse the house of cards.

[-] zed_proclaimer@hexbear.net 31 points 7 months ago

It’s definitely not good

[-] SoyViking@hexbear.net 29 points 7 months ago

Collapse might be a strong word but measures like stealing Russian assets and attempting to extort TikTok is going to erode confidence in western economic systems.

The bourgeoisie of the imperial core is probably not going to change their behaviour. They're as susceptible to propaganda as anyone else and might actually believe that it is all done to protect the democratic rules-based freedom of the Aryan master race. Besides, where else would they go?

But in the "jungle" people with capital to invest and money to hide might think twice. It used to be that you could be a comprador, loot your home country and then keep all your ill-gotten gains safe in the west. But now you has to ask yourself if you can count on yourself, your associates as well as your government and it's likely successors not running afoul of the evil empire at some point in the future. As the world looks today the answer to that question is increasingly going to be "probably not".

Now the west is no longer the safe haven it used to be, people with money are going to seek to hedge their bets. They might still put a lot of their money in the west but the case for keeping at least some in non-western assets and financial institution is the strongest it has been in generations.

this post was submitted on 22 Apr 2024
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