04/30/22

Permalink On Ukraine, the World Majority Sides With Russia Over US

The World Majority Refuses to Back US Sanctions: [The] dissenting countries of the Global South are no longer as poor as they were during the Cold War. Of the top 10 countries in PPP-GDP, 5 do not support the sanctions. And these include China (number one) and India (number 3). So the first and third most powerful economies stand against the US on this matter. (Russia is number 6 on that list about equal to Germany, number 5, the two being close to equal, belying the idea that Russia’s economy is negligible.) These stands are vastly more significant than any UN vote. Such votes can be coerced by a great power and little attention is paid to them in the world. But the economic interests of a nation and its view of the main danger in the world are important determinants of how it reacts economically – for example to sanctions. A "no" to US sanctions is putting one’s money where one’s mouth is.

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