Dec 15, 2024
It's not quite that simple though - when the MIC is temporarily removed or shut down, particularly in the Middle East, problems re-emerge. Obama's red lines in Syria, the withdrawal from Afghanistan all set the preconditions for inflation caused by subsequent localised wars. I don't doubt profits are being made, but also Western influence creates stability in the markets which protects pensions, protects interest rates, and (often) stops death, destruction and the proliferation of terrorists.