Discussion about this post

User's avatar
钟建英's avatar

Thanks for this piece. Perhaps the fundamental issue is that the Bretton Woods Institutions are dominated by the West, and the challenge for BRICS is to create a set of institutions that act impartially for the benefit of the less powerful countries.

Also, how to address long-term trade imbalances without resorting to tariffs or manipulating exchange rates? Could a decentralised system really work? I’m somewhat sceptical.

Expand full comment
Andrew Laverdiere's avatar

https://larouchepub.com/eiw/public/2023/eirv50n18-20230505/lar_trade_without_currency_offprint.pdf I would recommend you check out this essay by Lyndon LaRouche in the year 2000 about how to escape the British Empire's grasping concentration camp of a monetary system, namely the floating exchange rate system that came about because of the British destruction of the Bretton Woods system through their agents, George Shultz & Milton Friedman. I'm not sure why you conflate the developing BRICS currency with an attempt by the British Empire to impose a Malthusian population reduction scheme through a One World Government currency. Keynes of course being the president of the Eugenics society with all the racist overtones that come with it. With China over emphasizing infrastructure development, space exploration, pushing the bounds of nuclear technology and helping formery colonial nations achieve modern living standards through infrastructure, they've resorted to dirigistic methods of state investment free from any globalist influences that prefer the cheap labor raw material export model.

Expand full comment
3 more comments...

No posts