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China and Russia have terminal age demographics and HATE each other, Brazil helps define "middle income trap" for nations, South Africa is small, Saudi Arabia a
by scottLobster 4y ago
China and Russia have terminal age demographics and HATE each other, Brazil helps define "middle income trap" for nations, South Africa is small, Saudi Arabia and Iran HATE each other, Argentina is the posterchild for rampant inflation, and India can't compensate for all of this.
Never mind that none of these nations, particularly the export-driven ones, can long survive economically without access to Western markets.
They're welcome to try and form a poorer, less coordinated market of antagonistic lesser economies who's sole defining feature is "we aren't competent or unified enough to compete with the West and that threatens our generally corrupt and authoritarian political classes!" If there's any shitshow it'll be watching it tear itself apart, presumably after Ray Dalio writes a best-selling book about how the decadent West is in decline and BRICS is inevitably the future.
- manuelabeledo 4y ago> ...and India can't compensate for all of this India has enormous challenges of its own, one of them being that their export industry is weak outside pharmaceutical products. They also are not in the best of terms with China, especially on border disputes, and their GDP per capita is the lowest by far among BRICS. I'm honestly surprised when anyone suggests that India may be put in the same group as China. Other than population and WMD, the gap is unlikely to be closed in the next three decades.
- foverzar 4y ago> China and Russia HATE each other That is definitely 100% untrue, I have enough empirical evidence that there are no practical solid grounds for that claim. > Saudi Arabia and Iran HATE each other They've recently reestablished political relations, did they? Don't know much about their day-to-day feelings, but there is a clear political will towards predictable coexistence.