Goodnight, Xerxes, you mighty shumba. Jeremy Dwyer-Lindgren / Courtesy of Woodland Park Zoo
The party paper for bourgeois economics, The Wall Street Journal, reports that “stocks end higher after new Russian sanctions announced.” What the fuck happened? Why wasn’t there a dip?
Because the sanctions have no teeth: The capitalist powers of Europe and North America gave Russia’s adventurism not sanctions but a lot of hot air. Russia is not banned from a key part of the global banking system, the Society for Worldwide Interbank Financial Telecommunication (SWIFT). They can kill Ukrainians for no good reason and pretty much still do business with the world, still sell oil. Biden:
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