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Malaysia to Join BRICS
- nroets 2y agoNote that the BRICS are known for loosing their richest (and most talented) citizens. ("Brain drain").
- random9749832 2y agoMore Western arrogance from people who can't even spell losing. It is so over.
- skhunted 2y agoI think you are confusing can’t with didn’t. In this era of auto correct and typing on mobile devices a bit of leeway should be given to minor spelling mistakes.
- random9749832 2y agoYes I am sure trying to spell losing got autocorrected to loosing and doesn't instead come from low level understanding of the English language.
- skhunted 2y agoYou propose stupidity as a plausible explanation for the error. It is indeed plausible that the person is stupid. Another plausible, and more likely, explanation is a minor mistake. One should try to use the most generous interpretation in such a situation. We don’t actually know the person in question so harsh judgements are not justifiable.
- szundi 2y agoI’m curious how the broad east would compete in writing Btw how do you know he/she was from west?
- _lvbh 2y agoNote that this already happens to Malaysia. It won’t get better or worse by joining BRICS.
- peoplefromibiza 2y agoIt happens in EU too The demographic composition of intra-EU migrants by nationality has remained broadly unchanged: Romanians make up the largest group, accounting for 27 per cent of intra-EU migrants, followed by Poles (12 per cent) and Italians (10 per cent). The main “contributors” to this exodus are the economic powerhouses – Germany and Luxembourg in the EU, but also Switzerland
- throw0101a 2y ago> […] ("Brain drain"). Also: windows (in the case of Russia).
- s_dev 2y agoThat's not what the BRICs are best known for; Brazil, Russia, India and China are all best known for being emerging super powers. I see plenty to disagree with here -- from conflating the 'richest' with the 'most talented' to odd use of parenthesis and quotation marks to conflating brain drain with the flight of capital. Brain drain refers to people with real accomplishments or potential in academia, science, entrepreneurship etc. who aren't necessarily rich.
- JumpCrisscross 2y ago> Brazil, Russia, India and China are all best known for being emerging super powers India and China, yes. Russia, South Africa and Malaysia, far from it. (Brazil is sort of a regional power, sort of not; it’s unique in being a soft power first type.) BRICS was known for being strong economic growth candidates in the early 2000s. It was a package term for Goldman bankers to be able to sell their securities more effectively.
- meiraleal 2y agoBrazil is currently the 8th global economy by GDP. Ahead of Russia but behind China and India. Also ahead of some G7 countries. And a population of more than 230 million people. It might not be considered a power-house on its own yet but the potential is there. Obviously the current top dogs don't want one more big player at the table so the Brazil struggle is always to find a way to develop without getting into colission route with the West or the East. Latin America is a whole "unexplored" world far away.
- JumpCrisscross 2y agoSuper power != powerhouse. Brazil is already a powerhouse and potential regional hegemon.
- gizajob 2y agoSCRIMB
- eatonphil 2y agoThe article notes that already Egypt, Ethiopia, Saudi Arabia, Iran and UAE have joined. So the acronym for now will just remain the original countries I guess. :)
- surfingdino 2y agoBRICSEE MUISA?
- deleted 2y ago[deleted]
- troupo 2y agoMURICA Malaysia, UAE, Russia, India, China, And others
- romwell 2y agoHold my acronym. I present you... the MISERIE CUBS: ---- Malaysia India South Africa Ethiopia Russia Iran Egypt . China United Arab Emirates Brazil Saudi Arabia ---- Note: splitting into two words is necessary to keep Iran separate from Saudi Arabia & UAE, lest they get into a fight. India / China too, to be on the safe side. Brazil and Ethiopia have effectively no trade between them[1] (23 million — that's nothing even for Ethiopia), so putting them together makes little sense anyway. [1]https://www.worldstopexports.com/ethiopias-top-trading-partners/ https://www.worldstopexports.com/ethiopias-top-trading-partn...
- deleted 2y ago[deleted]
- EasyMark 2y agoI prefer BRIMSC, that way you hear all the letters.
- throw0101a 2y agoAn observation from a little while ago: > Pretty straightforward really. You combine Brazil's history of monetary stability, with Russia's respect for property rights, India's domestic tranquility, China's financial transparency, and South Africa's investment opportunities - and hey presto, you've got a new global money * https://twitter.com/davidfrum/status/1665053372402081792 https://twitter.com/davidfrum/status/1665053372402081792
- eatonphil 2y agoDavid Frum being a writer for a US magazine, it seems perhaps worth taking his snickering with a grain of salt.
- keybored 2y agoOr just taking it with a grain of salt since it’s David Frum. :)
- eatonphil 2y agoI was resisting criticism of him and The Atlantic this one time. :)
- defrost 2y agoHe's the Joe Rogan of Canadian born NeoCon's, former hype man and color commentator for both The Manhattan Institute for Policy Research and the Bush Jr. administration, ... put your hands together for David Frum!!
- skhunted 2y agoI’ve found the opposite to be true of him. Can you point to things he’s said that make you take him with a grain of salt?
- eatonphil 2y agoPersonally my gripe is not so much with Frum as with The Atlantic overall which has been consistently fear mongering. There is certainly a lot of bad in the world but The Atlantic stance seems over the top. The Conversation and Rest of World are two much more even magazines in my opinion.
- throw0101a 2y agoSo per the article the PM said: > “When I first met President Xi Jinping, I was attracted to him because President Xi is one of the few outstanding leaders who talks about civilisation. In a sense, he is unique,” he was quoted as saying. But last year we had a headline like "Malaysia rejects new China map claiming entire South China Sea": * https://www.aljazeera.com/news/2023/8/31/malaysia-rejects-new-china-map-claiming-entire-south-china-sea https://www.aljazeera.com/news/2023/8/31/malaysia-rejects-ne... Curious to see how the ocean dispute will play into this.
- JumpCrisscross 2y ago> Curious to see how the ocean dispute will play into this India and China were shooting at each other over long-disputed borders a few years ago. BRICS was never a security pact. (To the extent it means anything, it’s analogous to the OECD.) Hell, it’s easier for me in America to do business with either China or India than it is for them to do business with each other.
- boffinAudio 2y ago>Hell, it’s easier for me in America to do business with either China or India than it is for them to do business with each other. I don't see how you can make that claim from such a distance.
- chipdart 2y ago> I don't see how you can make that claim from such a distance. The distance matters little if you're comparing reality with unbelievable claims that don't hold up to the fastest scrutiny.
- JumpCrisscross 2y ago> don't see how you can make that claim from such a distance I am travelling to India on a tourist visa in November and again in December. (I have family in India.) That literally hasn’t been possible from China for two years [1]. It’s also easier to do money transfers between China and India through the U.S., because both have capital controls and both flag large transactions with the other. (I do more business in India than China, but there aren’t many hurdles.) [1] https://www.indiatoday.in/india/story/india-tourist-visa-chinese-national-suspension-retaliation-1941279-2022-04-24 https://www.indiatoday.in/india/story/india-tourist-visa-chi...
- random9749832 2y agoMore display of collateral damage from the unconditional support for Israel showing how much of the Islamic world has forgotten about the treatment of Uyghurs. Another win for China.
- carlosjobim 2y agoWhy do you think they have forgotten? There has never been much of any brotherhood between Islamic nations. Even within Islamic nations, there's usually no brotherhood between classes or between clans. And the same is sadly true for most cases where you'd expect some global brotherhood.
- whatever1 2y agochecks USD exchange rates Yep it's still the only currency that matters. Checks Indian-Chinese relations Yep they still have effective visa bans against each other. So what is this BRICS club exactly? A dictionary club?
- krmboya 2y ago> Yep it's still the only currency that matters. That's what the US govt thought when it sanctioned Russia. It only resulted in Russia falling back to their local currency without any significant problems, while making the rest of the world wary of reliance on the US dollar
- whatever1 2y agoSo worried that USD became even stronger since the war started. Any idea why people don't put their foot where their mouth is?
- quonn 2y ago> without any significant problems Can't loose anything if you have nothing - or a giant landmass, natural resources and still only an economy the size of Italy.
- Etheryte 2y agoI wouldn't really say that either one of those is true. Russia has spent considerable time and effort to work around the currency problem, crypto and stablecoins are currently one very prominent set of tools they use for that. Similarly, I don't really see anyone phasing out the US dollar as a reserve currency.
- FpUser 2y ago>"I don't really see anyone phasing out the US dollar as a reserve currency." The pig has grown way too big and is drowning in debt. Way too much overhead to keep feeding it. On top of that the US dollar is being used as a club which is an issue for countries that do not want to toe the line. Given a time the world will find a replacement.
- JumpCrisscross 2y agoBRICS expanding cements its role as a Chinese geopolitical project, and underlines India’s loss of power within it [1]. (Russia used to balance the scales, but that’s no longer an option.) It isn’t explicitly anti-American yet. But if it takes that tack, I’d expect Egypt, the UAE and India to drop out while leaving Malaysia in an uncomfortable place. [1] https://www.atlanticcouncil.org/blogs/new-atlanticist/china-and-india-are-at-odds-over-brics-expansion/ https://www.atlanticcouncil.org/blogs/new-atlanticist/china-...
- boffinAudio 2y ago>It isn’t explicitly anti-American yet. It is certainly not pro-petrodollar. Which, given the blood the petrodollar spills, is probably a good thing for billions of people to get behind.
- JumpCrisscross 2y ago> is certainly not pro-petrodollar As in it’s not an anachronism from the 1970s, yes. BRICS (né BRIC) wasn’t coined until 2001 [1]. [1] https://en.m.wikipedia.org/wiki/BRIC https://en.m.wikipedia.org/wiki/BRIC
- throwawayccp 2y agoAs a long as India & Brazil in the group, China can't turn it into an anti-western group without a doubt. America should take QUAD to the next level ASAP
- alephnerd 2y ago> America should take QUAD to the next level ASAP India doesn't want that, because India uses Russia as a mediator with China [0][1][2], and India wants to maintain the current status quo. [0] - https://eastasiaforum.org/2020/10/23/how-russia-emerged-as-key-mediator-in-the-china-india-dispute/ https://eastasiaforum.org/2020/10/23/how-russia-emerged-as-k... [1] - https://www.orfonline.org/research/the-india-factor-in-china-russia-ties https://www.orfonline.org/research/the-india-factor-in-china... [2] - https://www.nbr.org/publication/india-and-the-quad-when-a-weak-link-is-powerful/ https://www.nbr.org/publication/india-and-the-quad-when-a-we...
- nbzso 2y ago[flagged]
- mlrdc 2y agoI think laughing about BRICS, like so many do here, is not very fruitful. These are countries with massive natural resources, and the cavalier style towards them that the current Western governments is outright dangerous. I want to make it clear that I'm not pro-BRICS, but we have to coexist and buy their resources in the future. Especially Europe.
- teyc 2y agoIf you look at ASEAN as an example of how these loose trade bloc works, they are durable, they tend to be respectful of one another’s sovereignty, and they haven’t fought one another for 60 years. There may be deals for cross border investments, economic zones. Importantly they all seek to move away from US influence.
- MaxPock 2y agoWhy do Westerners hate the idea of BRICS so much ? If western institutions and way of life are superior ,then capital will naturally gravitate towards them ..
- JumpCrisscross 2y ago> Why do Westerners hate the idea of BRICS so much? Goldman Sachs coined the term BRICS. If the institution worked, we’d see Western finance rushing to join it. Nobody hates BRICS. It’s just sort of pathetic. As a security consortium, it’s a failure. As a trade consortium, it’s a failure. It talks about a dollar alternative, yet when Russia needed one China and India reverted to their own currencies. It’s a dumb idea that made sense when Russia could balance India and China. That balance has failed. There isn’t a unified global south.
- stewx 2y agoBecause member states like China and Russia are illiberal and left to their own devices pose a risk to global security and human rights. When these illiberal countries band together, the West loses economic and political leverage over them to change their ways.
- aaomidi 2y ago[flagged]
- stewx 2y ago[flagged]
- aaomidi 2y agoIt's easy to say that when you've ignored the statements made from Israeli government officials in regards to Palestinians. https://www.timesofisrael.com/liveblog_entry/defense-minister-announces-complete-siege-of-gaza-no-power-food-or-fuel/ https://www.timesofisrael.com/liveblog_entry/defense-ministe... "I have ordered a complete siege on the Gaza Strip. There will be no electricity, no food, no fuel, everything is closed," https://www.npr.org/2023/11/07/1211133201/netanyahus-references-to-violent-biblical-passages-raise-alarm-among-critics https://www.npr.org/2023/11/07/1211133201/netanyahus-referen... > MOTTI INBARI: The biblical commandment is to completely destroy all of Amalek. And when I'm talking about completely destroy, we're talking about killing each and every one of them - including babies, including their property, including the animals - everything. --- Again, the main point is, the vast majority of the world wants to see a ceasefire and a stop in US veto abuse. That's as "illiberal" as it gets.
- edpichler 2y ago"WANTS to join BRICS".
- MELEKE 2y ago[dead]