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Joined 1 year ago
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Cake day: June 9th, 2023

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  • Because there are both US and EU laws preventing code from countries deemed a threat. Torvalds is paid by the Ameircan Linux Foundation, which has to work under US law and he himself is an EU citizen. Also a lot of other developers are from those countries and if they do not comply, they could get into some pretty bad legal trouble.

    So it pretty much boils down to kick out the Russians or kick out all US and EU citizens and well we see Linus choice.




  • Not necessarily. As long as the debt is invested well, it is absolutly fine. If the debt is used to increase the size of the economy, that means more taxes and hence the debt can pay itself. The other scenario is the government investing into something, which increases in value. Keep in mind that the governments rates are lower the private rates, so if a government builds a lot of housing for its citizens, that increases debt, but is still cheaper then everybody building their own housing themself. Similar effects can be had by buying companies.

    Debt is a tool, it can be used for both good and bad. It really depends on how good the government is.



  • However many of the rich countries are in debt in currency they control. The US, China and the EU mostly borrow in dollar, RMB and Euro. So if they have a massive debt crisis they just print a lot of money and can pay back the debt. That comes with inflation, but that is not that bad.

    The poorest countries in the world mainly borrow in USD, which they can not just print. They have to net export to get USD to pay back debt. Add to that other massive problems. Afghanistan, Yemen, Syria and Ethiopia all have ongoing civil wars, Chad is landlocked and the country it would trade through is currently in a civil war. North Korea is sanctioned to hell and back. That makes paying back any debt much harder.