Another convenient excuse for the hand of the free market to limit supply and jack up prices even further…
I mean, if buttholes are shooting missiles at boats, I think we’re beyond “convenient excuses.” Do you want to captain a ship through there by chance?
Any legitimate situation will be taken to gouge prices far beyond their actual additional costs. So yes, it is a convenient excuse.
Goddamnit, Doritos are already over $5 a bag! And I’m not sure they come from the Red Sea…
And corporations will certainly not use this convenient excuse to jack up their prices immediately, then keep them there after the crisis passes, right? Right?
They’re real good at raising prices. Not good at lowering them. Also good at claiming record profits every year while cutting workforces.
The actual cost hit due to the Houthis was 1.7%
I wonder if ships will face issue caused by Cape Horn since they’ll have to go by that route.
Ok have fun with your blockade thing.
Things are starting to sound like the book
https://en.m.wikipedia.org/wiki/The_End_of_the_World_Is_Just_the_Beginning
which goes into a speculated deglobalization timeline with pretty detailed rhetoric.
Care to elaborate why is this relevant?
The book goes into some detail why and how the deteriorating global situation will start affecting global shipping and cascading into an array of economic crap scenarios.
People are down voting you due to the link name without actually reading it, in the future if you have links like that, it may be helpful to use a hidden link/named link like this to weed out the people who didn’t actually click on it. They just see a “end of the world” link and down vote. The link you posted summerises the overall preface quite well, The issue is a global issue, more then just the US is effected by this embargo. I’m against military involvement but, I also think that’s the only way to preserve the routes due to neither side being willing to even talk.
