doesn't amazon make most of its money through its web services/cloud? hasn't their retail branch turned a profit only in recent years?
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- Thread starter bd popeye
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Indeed. Its AWS that gives so much value to Amazon(the company)
Good point. But what amazon is most known for in the west is it's cheap consumer products. If that goes to a competitor, it's going to hurt very badly.
"BREAKING: Russia's Gazprom will cut off gas supplies to Bulgaria tomorrow"
90% of their gas comes from Russia. Those politicians are gonna starve out the working class.
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The foundation of modern economics is energy and resources, either directly (as exports of fuel, electricity or power equipment) or embedded (as exports of food, industrial products, etc that cost energy and resources to create).
All economies can be generalized to fall on 3 levels of control over energy.
1. Direct energy exporters that export fuel or raw resources (3rd world countries, Russia, Brazil, Saudi Arabia, Qatar, Australia)
2. Embedded energy exporters that import energy and export industrial products that represent energy with value added (China, Japan, South Korea, etc)
3. Countries that get energy and embedded energy for free by printing money (US, Germany etc)
Type 3 take the lions share of global energy, both direct and embedded, while giving up the least. Their "service" is basically making it easier for direct and embedded energy producers to trade with each other on their platform.
Russian gas cutoff to the EU is basically refusing to be part of this scheme. Now it is going to be energy for embedded energy directly.
All economies can be generalized to fall on 3 levels of control over energy.
1. Direct energy exporters that export fuel or raw resources (3rd world countries, Russia, Brazil, Saudi Arabia, Qatar, Australia)
2. Embedded energy exporters that import energy and export industrial products that represent energy with value added (China, Japan, South Korea, etc)
3. Countries that get energy and embedded energy for free by printing money (US, Germany etc)
Type 3 take the lions share of global energy, both direct and embedded, while giving up the least. Their "service" is basically making it easier for direct and embedded energy producers to trade with each other on their platform.
Russian gas cutoff to the EU is basically refusing to be part of this scheme. Now it is going to be energy for embedded energy directly.
The danger is the use of Nukes if you push Russia into a corner. Have to leave some kind of off ramp for Russia (maybe internal coup against Putin).
Because in many ways, Russia already lost this war. It failed to take Kyiv. NATO is again expanding. Western military assets will likely be placed in western Ukraine when this is all over.
Yup Putin activated the circuit breaker and cut off the flow of Western hegemony
EROEI > EBITDA
The Russia lost the war narratives are in for a rude awokening
The next shoe to drop is when Xi decouples China from the US and isolates America on China's terms and with Chinese characteristics
In the post Peak world of negative Sum pies and deminishing EROEI, China can no longer afford to continue to be weighed down by Uncle Sam (shipping US real good for worthless in fact hostile dollars) and must lead in a Fair World Order
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AWS started because Amazon had spare computing capacity from all those datacenters it had to build to keep their ecommerce going... without the ecommerce AWS loses economies of scale... no more cheap stuff from China means AWS isnt sustainable, it was cheap Chinese goods that was subsidizing Amazons other more lucrative (margin wise) business venture