NATO Secretary General Jens Stoltenberg is proposing to establish a fund of allied contributions worth $100 billion over five years for Ukraine as part of a package for alliance leaders to sign off when they gather in Washington in July.
The problem NATO has with this proxy war can’t be solved by printing money. The issue lies in the lack of industrial production in the west, and you can’t just create a huge industry for producing weapons and ammunition out of whole cloth.
This will be a fantastic vehicle for pushing for austerity in Europe though. The oligarchs have been very upset that Europeans enjoy a social safety net and things like pensions. The need for massive military spending will be a perfect justification for stripping these rights away from the workers. Europeans are about to start enjoying American style freedoms.
Industrial production is not a significant issue the collective West has within the context of supplying Ukraine armaments and ammunition.
The issue is a lack of, or decline in, domestic political capital in key member states, cohesive unified policy, and a long term strategy.
Now, if the United States was completely removed from the equation, then industrial production capacity constraints, especially around munitions, may become a real issue.
Lemmy is still small enough that older posts have a chance to stick around. Another benefit over a huge forum like reddit where the sheer volume of stuff buries things really fast.
The problem NATO has with this proxy war can’t be solved by printing money. The issue lies in the lack of industrial production in the west, and you can’t just create a huge industry for producing weapons and ammunition out of whole cloth.
This will be a fantastic vehicle for pushing for austerity in Europe though. The oligarchs have been very upset that Europeans enjoy a social safety net and things like pensions. The need for massive military spending will be a perfect justification for stripping these rights away from the workers. Europeans are about to start enjoying American style freedoms.
what too much finance capital does to a mf
Who said anything about printing money? NATO manages trillions upon trillions of dollars of already in circulation currency.
That money is already allocated, it’s not just sitting there in a big pile collecting dust.
Industrial production is not a significant issue the collective West has within the context of supplying Ukraine armaments and ammunition.
The issue is a lack of, or decline in, domestic political capital in key member states, cohesive unified policy, and a long term strategy.
Now, if the United States was completely removed from the equation, then industrial production capacity constraints, especially around munitions, may become a real issue.
lol CNN disagrees with you there bud https://www.cnn.com/2024/03/10/politics/russia-artillery-shell-production-us-europe-ukraine/index.html
warning to all, this guy does nothing but spread russian propaganda all day. check their post history.
That’s right, I spread Russian propaganda as reported by mainstream western media.
Who goes back and reads new comments in two-day old posts, anyway?
Based on votes, more people than I thought…
Lemmy is still small enough that older posts have a chance to stick around. Another benefit over a huge forum like reddit where the sheer volume of stuff buries things really fast.