Wall Street likes certainty. Who doesn't? The world is in flux, but, there is a strong president in Washington and the Free World is holding.
The USA is not responsible for the genocide being carried out in Ukraine.
Got that?
The USA is not responsible for the genocide being carried out in Ukraine.
A third time, or did you finally get it.
The USA as well as its allies are appalled by the blatant disregard for human life by Putin's Russia. The USA is standing still. It is in observance of the atrocity and it, along with allies, are seeking to rescue Ukrainians by taking in refugees by the millions. There is major certainty in all that. Ukraine is holding and the people are fighting for their lives as well as their country. That is also certainty.
The world has a problem. It is Vladimir Putin. Russia is the only real country in flux. The people of Russia never, ever in all the eight years since the occupation of Crimea expected their president to carry out genocide. The people of Russia are running away from their president. They are becoming refugees.
There is a lot of certainty in the world other than Ukraine. Russia is demanding the saber rattling of its allies. That saber rattling is primarily around the topic of nuclear release using weapons. Russia has been playing with nuclear material for some time now and Chernobyl is their poster child. Chernobyl strongly represents the lack of expert handling of these issues. The UN IAEA is on the job. Ya know? They are setting limits on what can be done within and outside of nuclear reactors. They have asked for a buffer zone to the reactors in Ukraine. The idea is to eliminate the dangers of recklessness to cause yet another Russia nuclear accident.
I appreciate Wall Street being concerned about global stability, but, they signed on for this. There is always risk and when the Free World companies are trying to run businesses based in capitalism which is founded primarily in democratic principles in communist countries, the long term view is always uncertain. Communism can accommodate capitalism, but, the governance is not conducive to stable markets.
The problem I have with Wall Street playing within communist countries is the abuse of the labor force within these countries. What is worse is that the governance of these countries don't care about the abuse. China saw workers for Apple related companies jump off towers. Over time and primarily because Americans complained, the condition for these workers have gotten better, but, in standards of the Free World, there is still room for improvement.
By Hanna Ziady
Some of the top names on Wall Street (click here) think a US recession is now likely, if not inevitable. But they have bigger worries on their minds.
JPMorgan Chase (JPM) CEO Jamie Dimon said Tuesday he is more concerned about global geopolitics than he is about slowing economic growth in the United States.
“There’s a lot of stuff on the horizon which is bad and could — doesn’t necessarily — but could put the US in recession,” he said on a panel at the Future Investment Initiative conference in Riyadh, Saudi Arabia....
China isn't alone in abuse of their workers, but, it does have the largest work force on the planet that is under paid with poor working conditions.
There is also a conflict of interest in Wall Street playing in these countries. They risk having their executives in jail for any reason the government chooses. That falls to the USA State Department primarily with some of the allies having the same problems. There are issues of protecting Americans that, in my opinion, are insurmountable, however, Americans still get themselves into trouble. Then in spite of the fact these Americans entered these countries without worry or hesitation, their relatives like to make political issues out of them. The communists love it.
So.
Wall Street looking to countries governed outside that of democratic principles and solid constitutions based in freedom are attempting to make profits the wrong way.
It makes sense to see a country with more than a billion people and realize capitalism would be lucrative within them. India can be somewhat of a better example. But, communism? Really? The business oligarchs are not free to run their businesses without government interference that can remove them from power as a CEO in an instant. Why go there?
Putin's Russia has to be the quintessential example of why investing in a communist country is a completely bad idea. There is no certainty in Russia, except, that it will do the unthinkable whenever the five year plan calls for it. Communist countries are based on ideology. It is destined to fail over and over for the people within its borders while the leaders live somewhat lavish lifestyles.
Wall Street needs to come home. It is good business. The Free World is a bit tired of companies that over extend their ability to govern their own businesses in places outside the realm of reason.
