Comment on Why the cost of living crisis will not get better

Eyekaytee@aussie.zone ⁨4⁩ ⁨days⁩ ago

• Kayel@aussie.zone ⁨4⁩ ⁨days⁩ ago

  I am referring to unequal trade, - us getting more in return from the Global South (Asia, south america, Africa, etc.) for what we’re giving them.

  www.nature.com/articles/s41467-025-59881-1

  globalinequality.org/unequal-exchange/

  This is true for our trade with China, but I am specifically speaking generally.

  Does that answer your question?

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  • Eyekaytee@aussie.zone ⁨4⁩ ⁨days⁩ ago

    none of your links refer to Australia, they just seem to be a general vibe

    progressive.international/wire/…/en

    And if you intensify the exploitation of your domestic resources, you undermine the ecological basis of production. Capital, therefore, requires some kind of “outside”, an external frontier, where it can exploit labour and nature with impunity, and where it can externalize social and ecological costs.

    We live in Australia, we are the major exporter of resources?

    dfat.gov.au/…/australias-goods-and-services-by-to…

    Not only that but I’m not sure how well we pay Afghanistan for its resources it’ll still be a corrupt islamic shithole.

    It feels real simple to be like, the south is poor because of the west, all you need to do to counter this is find a country that was poor and now isn’t anymore. Singapore, Israel, Qatar, etc

    Even eastern european countries as they shake off communism and socialism and embrace capitalism have had considerable improvement in quality of life

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    • Kayel@aussie.zone ⁨4⁩ ⁨days⁩ ago

      [deleted]

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      • Eyekaytee@aussie.zone ⁨4⁩ ⁨days⁩ ago

        Yes, this is a Marxist analysis

        oh no wonder i was so confused, I’m like the economics of this are weirdly based on vibes, poor innocent third world countries exploited by the big bad west🥴

        Australia does not manufacture most of the goods we consume

        Right, if anything this puts us closer to the global south than other first world nations because the majority of our exports are commodities and resources instead of global north high value manufacturing and services

        I am arguing, in the medium term, we will not get as good of a deal as we have been historically

        With who? Our biggest partners are China, Japan, South Korea and United States, with the exception of China which still scrapes into global south because of its currency manipulations and deliberately keeps it’s workers poor (there’s that communism 😂) … who feels like they’re getting fucked over by our trade deals? The only one I can think of is Trump who we have a negative trade balance with so we’ve not really been a focus at all.

        We have a positive trade balance and mainly trade with the global north (outside of china and india), I think I’m focused on Australia because you posted in Australia, you’re focused on a grand marxist theory that explains everything and losing all the details in the picture and thinking maybe of continental europe ?

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  • Kayel@aussie.zone ⁨4⁩ ⁨days⁩ ago

    Trade with China is essential to Australia, don’t get me wrong, the profit of the trade has, and will, change.

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