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Re: Empire [message #98777 is a reply to message #98768] Thu, 17 July 2025 11:21 Go to previous message
Rusty is currently offline  Rusty
Messages: 1400
Registered: May 2018
Location: Kansas City Missouri
Illuminati (3rd Degree)
All in all its just, (not) another BRICS in the wall. While the BRICS coalition has come a long way from its formation initially. It has a long way to go still in its ability to out maneuver western, (US) hegemony. Set up long ago after WWII. Using the IMF and World Bank to implement economic rent on the world not in the sphere of influence that the US imposed on that our European and Asian counterparts Australia, New Zealand and Japan vassals kneel to without question.

China and Russia are the two principle cornerstones of BRICS that our empire managers want to somehow break apart to keep our free lunch program going for our oligarchy. China is the main nut to crack out of its impressive rise of economic influence with manufacturing and industrial dominance. The globalization that the US once promoted zealously has come back to hinder our financialized method of creating monopoly rent for our elites benefit. Now free trade is a scourge to them. So extreme protectionist tariffs are being used by our administration as a means to try and pay tribute to our financialized hold on trade.

The key for the BRICS countries to wrestle freedom once and for all is to align their economies similarly like China has by doing a hybrid socialist capitalist economy that is very similar to how our own and Europe did at the onset of industrialization. The classical economists of old figured out that the free rent of the once feudal class was the impediment towards a competitive industrial economy in the world trade. Monopolization has always been a prime feature of capitalism. To corner the market. And then set the price of what the market will allow. Which invariably sets inflation to rise due to capitalist free rentier's imposing higher rents.

This is exactly what is going on inside our own economy as is. And the world market is the pearl in the oyster that our oligarchy wishes to perpetuate. The BRICS coalition is the impediment to that.

Michael Hudson and Richard Wolff discuss that state of what this pivotal point in history is at. It explains so much of what our current chaos in the world is all about. Chaos that our country alone, with a little help of our vassals on our leash are doing.

https://michael-hudson.com/2025/07/brics-vs-the-rentier-economy/

 
 
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