(Justin)

Tech nerd from Sweden

Matrix: @jlh:jlh.name

  • 0 Posts
  • 39 Comments
Joined 3 years ago
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Cake day: June 10th, 2023

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  • That is not the argument stated in the article

    Sánchez argued that Spain doesn’t need to spend 5 percent of its GDP to fulfill its so-called capability targets, meaning new objectives of weapons inventory agreed by NATO defense ministers earlier this month.

    He also wrote that a 5 percent defense spending goal would jeopardize the country’s welfare system, force the government to increase taxes on the middle class, scale back commitments to the green transition and curtail international development cooperation.

    “It is the legitimate right of every government to decide whether or not they are willing to make those sacrifices,” he wrote.

    Rushing to 5 percent would also force Madrid to buy off-the-shelf equipment instead of fostering its own industrial base, as well as take money away from welfare policies, Sánchez also wrote.

    The Spanish Socialist party is in a coalition with the junior left-wing Sumar party, which opposes increased defense spending and whose members are expected to attend a counter-summit for peace in parallel to the NATO summit.








  • Some industries are saying they are completely unviable around 40-60%. See the recent Gamers Nexus video about the computer hardware industry.

    Some companies can survive 10-30% by cutting margins and passing to the consumer, but there are entire classes of product where demand will just evaporate if you raise prices 20-30%, especially budget and value products.

    It’s impossible to reshore manufacturing to stop this too. Every single economist is saying that there is a 0% chance that the way Trump has weaponized tariffs will cause any meaningful production in the US. The only outcome from this is empty shelves and stagflation.