it’s definitely a desperation play for sure, but there’s a logic to it.
if i borrow a shitload of money from several groups and/or make a promise to buy a bunch of shit from several groups, it creates incentive for those groups to make sure the legitimacy of those deals is upheld.
its kinda like that joke: if you owe a bank $100, they will fine you and treat you like shit. if you owe a bank $100,000,000, they will take you out to dinner at a very nice restaurant.
owing big bucks to powerful interests is a way to get on life support.
Where will the money come from after the Ukrainian front collapses and Europe inevitably asks to be repaid though? I doubt they’ll just let the massive debt slide. The life support granted now will just make the situation untenable in the future.
That’s the neat part! The rest of Europe knows Ukraine won’t be able to pay them back, regardless of how the war goes, so they will implement Shock Doctrine Part II: They Fell for It Again, Big-Time Boo-Boo Edition. They will completely rip the copper out of the walls and strip Ukraine of whatever resources they can as the country descends into chaos and instability.
Zelenskyy probably knows this. I’m sure he plans on bailing out to the US or Isreal or wherever he can avoid getting murk’d by whatever nazi group takes over.
The debt becomes a permanent leash around the country as neoliberal institutions suck it dry, and/or Russia agrees to take on a portion of the debt in exchange for annexing more of the territory.
The latter is better for everybody involved, but who knows if all the stakeholders are ideologically ready for that sort of deal.
It’ll lead to financial difficulties in the EU which will lead to fascism. Ukraine simply can’t pay off the loans and I don’t think the EU is willing to steal Russian assets and destroy their financial credibility.
As the old joke go, if you put million dollars in front of mirror, you have two millions.
And in the age of inscrutable multilayered financial instruments you don’t even have to have the first million, you just need to set the mirrors right and have friends in high places saying its real.
it’s definitely a desperation play for sure, but there’s a logic to it.
if i borrow a shitload of money from several groups and/or make a promise to buy a bunch of shit from several groups, it creates incentive for those groups to make sure the legitimacy of those deals is upheld.
its kinda like that joke: if you owe a bank $100, they will fine you and treat you like shit. if you owe a bank $100,000,000, they will take you out to dinner at a very nice restaurant.
owing big bucks to powerful interests is a way to get on life support.
i always heard it as “if i owe the bank $1,000 it’s my problem. if i owe the bank $1,000,000, well that’s the bank’s problem”
Where will the money come from after the Ukrainian front collapses and Europe inevitably asks to be repaid though? I doubt they’ll just let the massive debt slide. The life support granted now will just make the situation untenable in the future.
That’s the neat part! The rest of Europe knows Ukraine won’t be able to pay them back, regardless of how the war goes, so they will implement Shock Doctrine Part II: They Fell for It Again, Big-Time Boo-Boo Edition. They will completely rip the copper out of the walls and strip Ukraine of whatever resources they can as the country descends into chaos and instability.
Zelenskyy probably knows this. I’m sure he plans on bailing out to the US or Isreal or wherever he can avoid getting murk’d by whatever nazi group takes over.
I don’t think he does know. The time to take the money and run was a long way back. I think he bought into his own hype.
yeah he could’ve had elections when they were supposed to and let another sicko be in the hot seat.
Isn’t he the nazi group that took over Ukraine? Or do you mean like new new management?
Ukrainian Nazis are cannibalistic both literally and metaphorically, they will gladly blame him for the defeat and then eat him.
The debt becomes a permanent leash around the country as neoliberal institutions suck it dry, and/or Russia agrees to take on a portion of the debt in exchange for annexing more of the territory.
The latter is better for everybody involved, but who knows if all the stakeholders are ideologically ready for that sort of deal.
“That is future Zelensky’s problem tho. Fuck that guy” - current Zelensky
It’ll lead to financial difficulties in the EU which will lead to fascism. Ukraine simply can’t pay off the loans and I don’t think the EU is willing to steal Russian assets and destroy their financial credibility.
The problem is that Europeans are in no position to collect from anyone at this point.
As the old joke go, if you put million dollars in front of mirror, you have two millions.
And in the age of inscrutable multilayered financial instruments you don’t even have to have the first million, you just need to set the mirrors right and have friends in high places saying its real.