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Communism is the dictatorship of the Proletariat, and Fascism is the dictatorship of the Bourgeoisie. Under Communism, wealth is redistributed from the top wealth-holders to the rest of society, and under Fascism, wealth is redistributed from the rest of society to the top wealth-holders. Today we are seeing wealth being redistributed from the rest of society to the top wealth-holders, so what does that tell you?
BRICS is sub-imperialism driven by the same neoliberal policies as the West. Russia and China unleashed private for-profit mercenary armies in Africa. These mercenary groups also have mining divisions. These are not liberation forces. They are there to set the stage for mining contracts (not) anti-imperialism.
India hold the key to the success of BRICS in the long term because they are the weakest link in the economic coalition. India is still living in a western colonialism era.
Did I understand correctly what you said? The IMF austerity imposes nations to release resources or lower the cost of foreign private investments, thus their penetration to your own sovereign market, by restricting imports needed for development (implicit sanctions) which need borrowing against the ability to solve your national debt.
Bingo! Economics is just an ideological veil to disguise the real face of actually existing political economy. There's no such thing as economics devoid of its political roots.
That point at 12:59 is an excellent one. Get developing nations trapped in debt, but do not ever allow them to fully default. If they default the music stops playing and the game stops.
This is a valuable interview for those not familiar with exceptional Indian economists and scientists who are also working around the world in well-known Western universities and research institutions to say nothing of various large corporate entities. Slightly heterodox in stance, this interviewee has much to offer bothe uninitiated and the close follower of geopolitical events worldwide. His discussion of the debt issue is particularly valid and satisfying, although I encourage everyone to seek out evidence for his position on your own.
BRICS nations are leading the way toward CBDCs. These digital currency systems are easily traceable, freezable and subject to micro-control by governments, but I guess it's OK because we are told BRICS is the alternative to the West.
There are 2 subjects, Economics & Statistics that are not natural (or normal) ways that humans think. Economics has a branch called Econometrics = Statistics (data analysis) of economic data. In order to understand Statistics and Econometrics and economic models, you MUST be able to do Mathematics to a reasonably high level. People who are "numberphobic" have no chance of understanding the economic talk they are constantly exposed to. Free education is the key to start solving this problem. Example: I met a recently qualified structural engineer one early Friday morning. He said he went to work every day, paid his rent, bought food and had 1 night out a week but could not save any money. He said he never understood economics but inherently felt our system was "unstainable". I told him to think in marginal terms .... He had a light bulb moment and thanked me profusely. I then explained to him why our system was INHERENTLY UNSTAINABLE.
Without being skilled in sound economic theory, number crunching abilities are of very little usefulness. Mainstream economics is chockful of mathematical models based on widely-acknowledged, flawed assumptions. So are the results coming from them any good? If so, good for whom?
