this post was submitted on 25 Jan 2025
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[–] cygnus@lemmy.ca 7 points 1 week ago (8 children)

https://archive.is/mOdEn

An unfortunate decision, but I suppose they have no choice if they want to attract foreign investment. I just hope this doesn't result in Syrians being serfs to foreign interests as we see in subsaharan Africa.

[–] FlyingSquid@lemmy.world 15 points 1 week ago (7 children)

I seriously doubt Syria would have no one interested in investing in them if they kept the socialist programs in place but got rid of things like torture and extrajudicial killings.

Somehow the world has no issue investing in China, Vietnam, Venezuela and other such countries. Sometimes the U.S. doesn't trade with them, but that's not the same thing.

Let's accept this for what this is: another gift to the world's oligarchs.

[–] NoneOfUrBusiness@fedia.io 6 points 1 week ago (3 children)

The socialism they're talking about here is a USSR-style central planned economy, just to make that clear. That sort of environment is absolutely hostile to foreign investment for many reasons, not the least of which is the corruption that will take decades to fully erase, if such a thing is even possible. For a demonstration of what that means today look at Egypt, which isn't socialist but has many of the same problems due to the military's encroachment on the market. The problem is that it's impossible to compete with a state that doesn't want to let you compete, so you're at the mercy of the government in a way that tends to repel foreign investment.

[–] fxomt@lemm.ee 0 points 1 week ago (1 children)

For an demonstration of what that means today look at Egypt, which isn't socialist but has many of the same problems due to the military's encroachment on the market

being stuck in the same country as sisi is purgatory

[–] NoneOfUrBusiness@fedia.io 5 points 1 week ago

Thankfully I managed to get away (sort of) but yeah, that was not a fun time.

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