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Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170% (english.elpais.com)

submitted 10 months ago by boem@lemmy.world to c/world@lemmy.world

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[-] eskimofry@lemmy.world 68 points 10 months ago

Another convenient excuse for the hand of the free market to limit supply and jack up prices even further...

[-] maniacal_gaff@lemmy.world 37 points 10 months ago* (last edited 10 months ago)

I mean, if buttholes are shooting missiles at boats, I think we're beyond "convenient excuses." Do you want to captain a ship through there by chance?

[-] hark@lemmy.world 37 points 10 months ago

Any legitimate situation will be taken to gouge prices far beyond their actual additional costs. So yes, it is a convenient excuse.

[-] theneverfox@pawb.social 5 points 10 months ago

This is the truth. We're now in a place where prices only ratchet up... All they need is a global event, and like beats of a drum, all of the megacorps raise prices in sync

No collusion, no competition, only prices go up

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[-] Reverendender@sh.itjust.works 12 points 10 months ago

Goddamnit, Doritos are already over $5 a bag! And I’m not sure they come from the Red Sea…

[-] crystalmerchant@lemmy.world 47 points 10 months ago

And corporations will certainly not use this convenient excuse to jack up their prices immediately, then keep them there after the crisis passes, right? Right?

[-] cultsuperstar@lemmy.world 9 points 10 months ago

They're real good at raising prices. Not good at lowering them. Also good at claiming record profits every year while cutting workforces.

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[-] nicetriangle@kbin.social 31 points 10 months ago

Yeah this isn't gonna go on much longer without a military response, which I am guessing is the plan. Keep spreading the US and allied countries' military attention thinner and thinner.

[-] ashar@infosec.pub 31 points 10 months ago

the other option is to comply with the Houthi demands that the starvation of the people of Gaza be ended and supplies be allowed in accordance with the International Laws

[-] Kbobabob@lemmy.world 18 points 10 months ago

Even if America succeeds in mobilising the entire world, our military operations will not stop … no matter the sacrifices it costs us,” Mohammed al-Bukhaiti, a senior Houthi official, said...

Some of you will die but that's a risk I'm willing to take.

[-] Psychodelic@lemmy.world 9 points 10 months ago

I mean, I think they'd call that an honorable death in some circles.

Don't they see the US as basically the Empire?

[-] Jonna@lemmy.world 3 points 10 months ago

George Lucas certainly did. The Vietnam War was part of the inspiration for Star Wars.

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[-] rayyy@lemmy.world 9 points 10 months ago

No doubt that is why there have been muted responses to attacks - it would look really bad to the world.

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[-] Syntha@sh.itjust.works 19 points 10 months ago

Every major country is affected by this. India and China have as much interest in free passage through the Red See as the US or the EU.

[-] rbesfe@lemmy.ca 14 points 10 months ago

And yet China, who has a naval base in Djibouti, seems to just be sitting back and letting everyone else tackle this

[-] nicetriangle@kbin.social 4 points 10 months ago

Bingo. They know that someone else will do something eventually is my guess.

[-] homura1650@lemm.ee 8 points 10 months ago

Operation Prosperity Guardian is already underway. Unfourtuantly, modern drone technology tilts the scales in favor of the attacker in this sort of situation relative to where it was a decade ago; and commercial shipping companies are not in the bussiness of shipping through active combat zones.

[-] soggy_kitty@sopuli.xyz 5 points 10 months ago* (last edited 10 months ago)

NATO has so many resources, it's the entire purpose of NATO.

Saying the resources are being spread thinner is a undebatable fact but I would say not every military/country in NATO had even CLOSE to 100% of people working on Ukraine before Israel piped up.

NATO can handle a lot more of this shit

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this post was submitted on 06 Jan 2024

314 points (98.8% liked)

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