Time is running out for Kamala Harris to break with Biden on the Gaza catastrophe | Moira Donegan
www.theguardian.com
Biden’s approach to Israel has been disastrous, both morally and strategically – and it could cost Harris dearly
  • Aceticon@lemmy.world
    21·
    2 months ago

    Fossil Fuels are decreasing as a percentage of the overall energy supply that powers so much of the Economy and Industrial and Agricultural production in Western Economies are a small fraction of the total (less than 20% together).

    Nowadays it’s not about the West making things with pillaged resources from the Global South, it’s all Financialization and the Ultra-Wealthy extracting the last leftover wealth from everybody, everything and everywhere like the endgame in a Monopoly Game.

    Oil by itself is not enough justification, IMHO.

    Besides, Israel is being the very opposite of a force for stability in the region, which isn’t going to help the Petro-Dollar.

    (If you go check the Gold markets, it’s never been this high, something which possibly signals increasing distrust in the US Dollar and other main currencies)

    • cecinestpasunbot@lemmy.mlEnglish
      4·
      2 months ago

      Israel is being the very opposite of a force for stability in the region, which isn’t going to help the Petro-Dollar.

      Israel being a destabilizing force gives the US leverage over the oil rich nations of the region. That’s why Israel is important for the petrodollar. I’m also not sure the US currently has a way to maintain its global economic dominance without the petrodollar. That’s in part why I think you see the US doubling down on support for Israel even in a context where doing so is increasingly risky.