The West went bonkers and due to its brainless leaders now it's lost its hegemony! People responsible for some of the worst atrocities in the history of mankind to patronize the rest of the world how to change "for better" using it as a model was a total failure! I am from the Balkans, i.e. much closer to the Western culture, yet I don't like being patronized - and I can imagine how much more distant nations feel about the Western ideological, financial, and military grip! If the West wants to seed freedom around the globe, it should start with the freedom of not twisting arms and let them freely choose what's best for them and stop patronizing! And as they say - fix your backyard first!
This is, by far, the most important story of the decade and explains a lot of what we're seeing. The implications for the US Dollar are especially dramatic.
I have a hard time believing any country which requires an international bailout will get more favourable terms from the New Development Bank than the IMF, as if they did, they could just convert the yuan into dollars and be better off at China's expense. What am I missing?
What's this alternative offering exactly?<p>Corruption? Police state? Crime? Poverty? Yeah, no thanks. Get your shit fixed and then we'll talk.
BRICS are only a thing in the mind of the Ivory Tower set.<p>Brazil is barely a country, has a declining QOL and is remarkably unstable. Lovely people, culture, beaches - but they're not even the best off LatAm country (that's Colombia, Chile, or Argentina)<p>Russia is a joke and an international pariah<p>South Africa is about to split in half (or not? who knows!) and is declining into a race-centered downward spiral. Again, horrible to see bad things happen to a lovely group of people, but ESKOM is emblematic of the countries problems.<p>India and China despise each other and are becoming more, not less hostile. India will soon be larger than China (may be today) and is betting the Chinese Miracle is ending. China has pretty openly racist views about India and doesn't treat them like equals in any way shape or form.