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54 sats \ 6 replies \ @TomK OP 11 Jun \ parent \ on: Russia and Venezuela Forge New Alliance Amid Global Tensions news
It will be the union of energy-rich countries. that will significantly change world affairs
I agree about the significant change part, but if they're lousy at managing their own economies, why would they succeed at cooperating with others?
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we are leaving the principles of free markets fast meanwhile they using them more
That is the thing that would make me spectacularly wrong, but for the time being we still have the freer economies and we've been seeing in China how hard it is for the rulers to give up control to markets.
OPEC didn't overtake the west and I doubt the situation will be different with BRICS. I'm always bearish on centralized government projects and so far that's served me pretty well.
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