Maersk profits crash as western missions fail to stop Yemen's Red Sea blockade
Maersk profits crash as western missions fail to stop Yemen's Red Sea blockade
Yemen continues to enforce a blockade on Israeli-linked ships despite US naval operations to stop them
You could simply stop the genocide. It would be a lot cheaper.
The idea that capitalists are supposed to be these shrewd machines that care about nothing but profit is really damaged by everything to do with Israel, because if I wanted to maximize profits I would stop doing an expensive genocide with extremely expensive side effects
well that's the thing. the blockade isn't "supposed" to happen. the state is supposed to crush all resistance and barriers to capital formations. the state uses public resources, while the profits are extracted and privatized.
it is a fragile system because capital cuts all its internal costs (labor, material) to the bone, operating under the logic that the empire and it's victims will pay the true externalized costs leaving as much of the value as possible for them to extract.
I think the historical model of the Dutch West India Company / Westindische Compagnie (DIC/GWC) is the most instructive about how stupid capitalists are, in that all these merchant capitalists were getting loaded with their mercenaries and PMC bases, slavers, colonies, and brutal plantations making money hand over fist. just running wild. but sometimes there would be losses greater than the gains and the merchants would just decide not to pay their debts, the state would not step in to float it or back up its posessions, and the company would evaporate. a mistake the British and it's later franchise, America would not make.
the UK had this problem with its east india company too, but that's why they eventually took over its lands and started managing it for themselves. if they were gonna have pay to put down the rebellions that periodically broke out cos the EIC was squeezing india dry, they might as well just take over.
Permanently Deleted
Some of the bourgeoise understand short term losses for long term gains. Any costs to them now will be recuperated by having Greater Israel control the entire levant and sea routes and oil fields. Israel is an investment to then that runs in the red upfront but in the long term will pay off
They're going to find out why we don't have healthcare"
They found out that it is because all the money was siphoned off to finance one guy having eight different plantation themed weddings in a year months ago. Same time they found out why your military wasn't really that effective (guy had to get divorced seven times and is not allowed to make a net loss).
Smh wouldn't happen to me, just go around it dummies
I thought Maersk profits were going up because it was charging so much more to go around Africa than through the channel
Yeah but then they started operating with the assumption that they could charge those prices and some brain genius suggested taking the old route but charging the same (i assume).
The more probable answer is that labor costs a lot (if you wanna pay out big bonuses to the c-suite instead of staffing a ship with more than a skeleton crew), bunker fuel costs money and going around the Cape means they're spending more time between ports and using more money to do it. Them taking longer probably also risks contracts due to JIT supply that we run with these days.
To speak more to labour costs: Almost all innovation is shipping is driven by the question "how can we have fewer people doing the same task". You have to be pretty self reliant working on ships these days, because there's rarely a lot of people overseeing you, even if you're an FNG. Or so I'm told.
Finally a metric by which we can assess the impact of the Yemeni blockade
Good Israel needs to become poor
i swear there was some talk about shipping companies doing well because the cape-route allowed them to charge clients more? how can maersk fail to pass along the higher transport costs to its customers?
Houthi must go?