In the New Geo-Economic Order, Price Shocks Are Here to Stay

Source: Jacobin · Bias: Far Left

Summary

Less than three years after the disruptions of the pandemic and the war in Ukraine subsided, the world economy confronts another sustained energy and supply chain shock. The war launched by the United States and Israel against Iran, and Iran’s retaliatory strikes against US military assets and oil production infrastructure across the Persian Gulf, have […]

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Jacobin

In the New Geo-Economic Order, Price Shocks Are Here to Stay

Far Left

Less than three years after the disruptions of the pandemic and the war in Ukraine subsided, the world economy confronts another sustained energy and supply chain shock. The war launched by the United States and Israel against Iran, and Iran’s retaliatory strikes against US military assets and oil production infrastructure across the Persian Gulf, have […]