this post was submitted on 18 Jul 2026
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How does the government of a capitalist country say "we'll trade you 50,000 tons of steel for $1,000,000" or something, they don't have direct control over the steel mills, so how does the government ensure their side of the trade deal is done? I get that in socialist countries this isn't an issue because it's a command economy (I think)

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[–] TheReturnOfPEB@reddthat.com 6 points 2 weeks ago

Doesn't the World Bank offer some services of guarantee to nation states ?