

Additions from other posts&comments :
If i understood correctly, mexicans would need to work 3-4 times more in order to buy the same thing :

So much “justice”.
Has anyone here ever looked at what a normal oil contract looks like ? That is just plain robbery and it’s considered normal. Once an oil company reimbursed its expenses(, cost oil), it won’t ever gift the equipment/… to the state but keep it to themselves, nor will they stop there because they need to make a profit, but even once they’ve had a 20% ROI it’s still not enough, it’s never enough, so they won’t say that the remaining profit afterwards will be 100% for the state and its population but, e.g., 60-40 for the state, or at best 80-20, and they’ll also lie on the real price of the cost oil, and prevent countries to do 100% of the initial investments/risks in order to gain 100% of the profits, and it’s not just about oil.
You probably already know that Mohammad Mossadegh in Iran was overthrown by the west two years after nationalizing Iran’s oil in 1958, but did you know that the same thing happened a decade earlier for Rómulo Gallegos, 9 months after implementing a 50-50 share of Venezuela’s oil in 1948 ?
He wasn’t replaced by a western-backed bloodthirsty king, but by one of our many western-backed bloodthirsty dictator, Pérez Jiménez, who received the Legion of Merit in 1954 for its anti-communist activities.
Guatemala also had a similar experience when it nationalized territories from the United Fruit Company(, 1954), or when S.Allende nationalized copper in 1971, or Syria in 1949, Congo in 1960, … Because their ressources are ours.
They should increase the prices of the raw materials as OPEC did in 1973, unite together, and nationalize their ressources. They’ll be sanctioned/overthrown/attacked/invaded/…
In regard to the apparent faster growth of the US, Gabriel Zucman says that the US’s national income per adult has not grown faster than Europe since 2010, even if its GDP per capita has :


The GDP is the total (market )value of all goods&services produced in a country, while the national income(GNI) is the total (market )value of all goods&services produced by a country.
The GDP of India will then include goods&services produced by, e.g., Coca-Cola in India, but won’t do so in the GNI(, apart from wages/taxes/…).
Conversely, the GDP of India won’t include what indian companies produce when operating in foreign countries, but the profits repatriated to India will be added to the GNI.
The United States apparently has a large negative net international investment position(, roughly –$27 trillion), while Europe still records a positive balance
From Our world in data again :

(ouch)





















“Ineligible for recommendation”. Turns out that freedom of speech was when TikTok was Chinese.

To be entirely honest, i don’t know what our “values” are anymore.