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Red Sea crisis from Houthi attacks hits world trade as cost of shipping soars by 170% (english.elpais.com)

submitted 8 months ago by boem@lemmy.world to c/world@lemmy.world

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[-] eskimofry@lemmy.world 66 points 8 months ago

Another convenient excuse for the hand of the free market to limit supply and jack up prices even further...

[-] maniacal_gaff@lemmy.world 33 points 8 months ago* (last edited 8 months ago)

I mean, if buttholes are shooting missiles at boats, I think we're beyond "convenient excuses." Do you want to captain a ship through there by chance?

[-] hark@lemmy.world 34 points 8 months ago

Any legitimate situation will be taken to gouge prices far beyond their actual additional costs. So yes, it is a convenient excuse.

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[-] Reverendender@sh.itjust.works 11 points 8 months ago

Goddamnit, Doritos are already over $5 a bag! And I’m not sure they come from the Red Sea…

[-] crystalmerchant@lemmy.world 47 points 8 months ago

And corporations will certainly not use this convenient excuse to jack up their prices immediately, then keep them there after the crisis passes, right? Right?

[-] cultsuperstar@lemmy.world 9 points 8 months ago

They're real good at raising prices. Not good at lowering them. Also good at claiming record profits every year while cutting workforces.

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[-] nicetriangle@kbin.social 29 points 8 months ago

Yeah this isn't gonna go on much longer without a military response, which I am guessing is the plan. Keep spreading the US and allied countries' military attention thinner and thinner.

[-] ashar@infosec.pub 29 points 8 months ago

the other option is to comply with the Houthi demands that the starvation of the people of Gaza be ended and supplies be allowed in accordance with the International Laws

[-] Kbobabob@lemmy.world 18 points 8 months ago

Even if America succeeds in mobilising the entire world, our military operations will not stop … no matter the sacrifices it costs us,” Mohammed al-Bukhaiti, a senior Houthi official, said...

Some of you will die but that's a risk I'm willing to take.

[-] Psychodelic@lemmy.world 8 points 8 months ago

I mean, I think they'd call that an honorable death in some circles.

Don't they see the US as basically the Empire?

[-] Jonna@lemmy.world 3 points 8 months ago

George Lucas certainly did. The Vietnam War was part of the inspiration for Star Wars.

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[-] rayyy@lemmy.world 9 points 8 months ago

No doubt that is why there have been muted responses to attacks - it would look really bad to the world.

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[-] Syntha@sh.itjust.works 18 points 8 months ago

Every major country is affected by this. India and China have as much interest in free passage through the Red See as the US or the EU.

[-] rbesfe@lemmy.ca 13 points 8 months ago

And yet China, who has a naval base in Djibouti, seems to just be sitting back and letting everyone else tackle this

[-] nicetriangle@kbin.social 4 points 8 months ago

Bingo. They know that someone else will do something eventually is my guess.

[-] homura1650@lemm.ee 8 points 8 months ago

Operation Prosperity Guardian is already underway. Unfourtuantly, modern drone technology tilts the scales in favor of the attacker in this sort of situation relative to where it was a decade ago; and commercial shipping companies are not in the bussiness of shipping through active combat zones.

[-] soggy_kitty@sopuli.xyz 5 points 8 months ago* (last edited 8 months ago)

NATO has so many resources, it's the entire purpose of NATO.

Saying the resources are being spread thinner is a undebatable fact but I would say not every military/country in NATO had even CLOSE to 100% of people working on Ukraine before Israel piped up.

NATO can handle a lot more of this shit

[-] hark@lemmy.world 2 points 8 months ago

They did a good job of spreading themselves thin. Gotta justify that $800+ billion spending.

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this post was submitted on 06 Jan 2024

307 points (98.7% liked)

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