this post was submitted on 29 Aug 2024
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[–] [email protected] 8 points 2 months ago
[–] [email protected] 7 points 2 months ago* (last edited 2 months ago)

Jim O’Neill, former chief economist at Goldman Sachs, in 2001 argued that Brazil, Russia, India, and China would be the key drivers of global economic growth, coining the term “BRIC.”

China and India might. Brazil is considerably smaller and going to just pull less weight, unless something changes. Russia is heading in the wrong direction in 2024.

[–] SlopppyEngineer 5 points 2 months ago

Trying to please the old and the new Lord simultaneously and probably getting pushed by both

[–] Chewbaccabra 4 points 2 months ago (1 children)

I don't know anything about economics but this is an interesting and recent Chapo podcast on the topic: https://youtu.be/rq5vxvS615Y

Iirc they say putting an embargo on countries will cause a cascade with all banks that use USD. They extend this to suggest that the US has sanctioned a third of the planet overall.

[–] [email protected] 3 points 2 months ago* (last edited 2 months ago)

Going to do what I do every time an intriguing video or podcast episode is recommended to me that's an hour long : save this comment, remind myself to listen to it once later, than forget. But maybe writing this comment will actually push me to listen to it this time lol.

[–] MediaBiasFactChecker -4 points 2 months ago

Fortune Magazine - News Source Context (Click to view Full Report)Information for Fortune Magazine:

MBFC: Right-Center - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this source

Search topics on Ground.Newshttps://fortune.com/asia/2024/08/21/why-do-malaysia-thailand-want-to-join-brics-hedge-china-russia-us/
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