Should We Be Worried About The BRICS?

BRICS is the influential economic alliance of Brazil, Russia, India, China, and South Africa, and it is reshaping the global economy. Plans for increased trade and a common currency may challenge the West, leading to concerns about political and economic shifts globally.
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[@nkazi7265]

as a south african, I'm just happy to be included in something

[@DiabloNemes]

😂😂😂😂

[@siddharthaanand332]

😂😂😂😂😂

[@ruanbarnard1249]

As a fellow south african I agree

[@AdityaOmSingh]

It is not something It is a place where Countries like Russia India and China stands with each other!

[@devincharlvanvuuren6194]

Welcoming colonization 2.0😂👌

[@joaovitormatos8147]

I don't think people understand how little that matters. As someone living in a BRICS nation, BRICS is not an eastern NATO or an anti-US ASEAN. That whole "they're so close to each other they want to have a BRICS games" is just politicians. The average Indian and the average Brazilian don't see each other any different than Indians and Brazilians see, for example, Austria

[@harshaldesai5393]

true

[@siliconhawk9293]

exactly, its just the political and economic institutions in these countries want something from each other and want to possibly streamline the process while protecting to the so called west that they can get stuff done without them. basically

[@cookiecola5852]

Yeah yeah but Putin is in massive trouble so he kindly gonna ask ur leaders to make a big bet in what might help him😙

[@riplikatlnloki5091]

I was with you until Austria

[@Baronnax]

Spot on. Outside of the NDB providing loans and certain private tie-ups BRICS essentially just feels like one of a dozen multilateral groups India is already in.

[@shellylofgren]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[@DavidRiggs-dc7jk]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[@jeffery_Automotive]

in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

[@theresahv]

Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/ analvsis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over 400k.

[@philipr1759]

@@theresahv Mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

[@CG-uy8dk]

Put it in property.

[@okellolester1631]

Make no mistake, as a South African, I recognise the destabilising effect that China and Russia are having on the global rule based order, and as such I have reservations about the group, and it’s intentions. BUT the idea that the developing world is somehow wrong for Pursuing economic sovereignty is, in my opinion. Unfair, and biased.

[@siennahoward6957]

Yes, I totally agree. I'm from America born and raised and I understand that my country unfortunately likes having the upper hand against other countries bullying them into submission. I hope one day America and all of the other major countries along with the developing countries can find a way to work together reasonably while also maintaining independence.🤞🏽🙏🏽

[@haythemsandel8303]

Bruh "rule"s based order" basically means US hegemony to do whatever it wants whenever it wants

[@D3xterJettster]

All that's happening is an exchange of masters

[@huskytail]

⁠@@haythemsandel8303 better than having local hegemonies by China and Russia. Having lived in both worlds, the sheer number of ethnic cleansings, police state consequences, high and low level mafia (Russia being literally a mafia with its own state) and corruption, together with the enormous political repressions, just seals the deal. That's also why so many people and countries might dislike the United States but prefer it greatly to the "alternative". Moreover, even the elites of these countries send their kids to the West and the funniest of it all - people who literally hate the West still live there instead of Russia and China 🤷🏼‍♀️

[@TheRezro]

Literally no one say that except Russia and China, trying brainwash people. G20 most likely would accept African Union in own ranks.

[@MANISHSINGH-qj5iu]

As an Indian, I think it's better to have more options, fewer enemies and use the current geopolitical climate to industrialise. In the end, eveybody is looking out for themselves.

[@willemvanriet7160]

I expected more from India with their historic and culture of spirituality

[@wabba2344]

​@@willemvanriet7160 surprise surprise, some countries want to capitalise on current economic situations and become more powerful! We in the west are too busy trying to destroy ourselves and our history instead.

[@sumeettanwar1608]

​@@willemvanriet7160 we were like that and than we got colonized for that. Never again.

[@ramanpreetsingh1564]

​@@willemvanriet7160 it is also weird how a continent which genocided the native populations of North America, Australia and Bengal is teaching India moral stands

[@subhadramahanta452]

@@willemvanriet7160 We got invaded, inslaved and then colonised. Our knowledge and artifacts destroyed or stolen, our industries broken down, principles maligned, the wise structure is almost non-existent & clouded, people's hopes crushed and generational trauma still running down the livelihood of common people. The burnt of all these haven't even healed yet (not even close), not forgetting all the brainwashing and depreciation even after the independence. We got loads to heal from, gotta help ourselves before we help others.

[@OtavianoCanuto]

A mistake in matching NDB and IMF is made. The appropriate comparison would be with the World Bank, which provides long-term lending, whereas the IMF provides liquidity, via short- to medium-term finance.

[@AKumar-co7oe]

that's a terrible mistake for a so called economics channel

[@ethribin4188]

Noones perfect

[@ans42131]

​@@AKumar-co7oeAre you just mad that he didn't regarded BRICS as highly as you Indians do?

[@Elia1988seoul]

@@ans42131 bias aside, EE, Wendover and others do make an alarming amount of mistakes and shortcuts in their analysis. It is more of an entertainment channel rather than real economics. Think pop-sci vs real science.

[@crypticTV]

EE is clearly not qualified to talk about most of the things he talk about. Perfect example of Dunning Kruger effect if anything

[@kanikabhatia9514]

I love how he said “these countries will be able to do anything they want… which is of course the worst case scenario” as if he’s forgetting the USA has been doing exactly that for decades. So has most of Europe.

[@boredlife]

and talking about human rights......that was rich coming from a white man most probably American

[@cryptogang428]

he's too biased i couldn't finish the video!

[@journalshours3524]

What did he mean by that ?? Some inhumane activities or war idk

[@SWAHswah-tm7sn]

​@@journalshours3524the concentration camps in China probably, that or the great firewall.

[@vanderartiagavieira1451]

A verdade é que o G7 temem o BRICS e tentam passar uma imagem que não o icomodam

[@svnsk4465]

What is crucial to note is while the share of GDP of G7 nations based on PPP, reduced from 50.42% of the World's GDP in 1982 to 30.39% in 2022, the share of GDP of BRICS nations increased from 10.66% in 1982 to 31.59% in 2022. The share of India's GDP in World's GDP increased from 2.98% in 1982 to 7.21% in 2022.

[@JinayShah]

He started writing the script with a bias in mind. So it's not surprising he left out important details like these

[@balabanasireti]

​@@JinayShah Cry less

[@ytbois9337]

​​@@JinayShah I mean what do expect easily it's undestable this guy lives in a western supporting country now if a Asian makes a video on brics then ihe will portray it good if it was a west made video he would portray it bad and only few will portray it ok in sense as neutral this video he made is kinda of neutral

[@Iv4Bez]

Ehm...brics countries...1982...I'm sorry, but how did you count Russia?

[@tharabhai1794]

​@@Iv4Bez bro it was part of Soviet union ...

[@balpreetsingh6834]

7:57 Wow, what an easy to understand graph

[@spodergibbs5088]

@Indraneel Upadhye why what’s wrong with it

[@huynhquocanh7898]

@@spodergibbs5088 The color distinction between the countries, no title for the horizontal axis. That's all I can think of

[@martinwrightnz]

@@huynhquocanh7898 I mean it's pretty easy to understand what the horizontal scale is measuring

[@danielhutchinson6604]

@@martinwrightnz The ability to demonstrate how the financing of Fiat Dollars works seems to ignore a lot of actual facts? BRICS Bucks are arriving in August. The US GDP is at 1% and dropping again. The two quarters of negative action from the US GDP, seem to indicate the US is out of spare change?

[@TheTowerDefender]

adding to this: the graph goes into the future but doesnt make a visual distinction between historical data and projection

[@appa609]

It's not just China. In real terms, India is about half as powerful as China today, just with a much weaker currency. On paper, the Indian economy is the size of the UK, but in PPP, it's bigger than Germany + Japan

[@NoMustang273]

PPP makes BRICS a lot larger in general. China is larger than the US by itself, and India about half. Russia is in sixth place when ranked in PPP while the UK falls to ninth. Brazil is I think 7th.

[@wendjys566]

India still isn't there yet it's still not as economically powerful as china thou for now china does hold the reigns but who knows in future that might change

[@sahasananth987]

What’s PPP?

[@527ctguy]

China had it's boom. Now its India's time. We will see India grow over the next 30 years.

[@viserie9345]

@@sahasananth987 purchasing power parity

[@dylanmoris6211]

It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities.

[@KelvinWallace]

Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions

[@williamsbrown4026]

However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subject to numerous economic, political, and logistical considerations.

[@LionTowercoporation]

Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..

[@LionTowercoporation]

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "Colleen Janie Towe" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

[@BeaverChainsaw]

These country will not back a currency gold. America had to leave the gold standard because foreign countries were depleting the gold reserves with US dollars. Imagine what will happen with China and South Africa or Russia right now

[@dawoodwilliams3652]

It's so interesting how different people from different places can have different viewpoints on a specific BLOC like BRICS or the G7.

[@Miho_13]

Well the truth is that Russia is an extreme example of sanctions to a historical event, however sanctions have been used for many years as a tool of coercion by the USA in even miniscule situations.. In 2018 Ecuador wanted to implement a UN breastfeeding resolution (to limit the use of baby formula) and the USA threatened them with massive sanctions, purely so they can protect the biggest player in the market (which is a U.S. company). And that was done to an independent democratic nation, that wanted to implement a UN accord to better the life of their own people - now put yourself in Saudi Arabia's shoes or China's shoes with their human rights records, in no way they would want to fall under the whims of USA and give up their sovereignty.

[@danielhutchinson6604]

The US finds methods of manipulation that are subtle and effective. BRICS appears to provide a BRICS Wall to shelter the former Colonies that the Western Powers have been exploiting for centuries.

[@maximipe]

Absolutely this, I'm from Argentina and currently there are US companies plotting provincial governments against the national government to keep mining lithium while paying ridiculous taxes. They sure don't care about sovereignty other than their own, tbh this whole video was just 15 minutes of double standards.

[@Monsterpala]

And under no circumstances Ecuador wanted something like SA or China take the US position - if the one at least on paper accepting human rights is a f* bully run by corporate interests.

[@chillxxx241]

The fact that you can be upset about something as minuscule as this when countries like Russia are trampling entire countries is pretty petty.

[@Melnek1]

@@chillxxx241 What a silly thing to say, it was clearly an example, the USA uses the "rules based international order" to protect parochial interests, that is undeniable. As for Russia, really? How many military "interventions" has the US led since the end of the cold war? The conduct of the USA is so abysmal that it cannot even be justified by the "rules based international order" that they themselves lead, the invasion of Iraq was clearly unlawful based on international laws and treaties. It was the USA that revived the logic of "might makes right" while hypocritically pretending that this is not the case, it is the dirty talking about the unwashed.

[@ambertraceyy]

BRIC'S isn't helping matters. According to some analysis, the United States and other regions of Europe will have a major recession in 2023. Because China and emerging countries frequently grow faster than more developed economies, a global recession, which is defined as a decline in annual global per Capita GDP, is more uncommon. Fundamentally, if economic growth lag's behind population growth, the global economy is said to be in recession.

[@gatesbev]

@@GGGsanchez6334 Knowledge still remains the greatest asset to succeed, I'm a great beneficiary of her signals, and I've been able to scale from 0.7 Bitcoin to 4.9 Bitcoin

[@aureliobjm]

@@GGGsanchez6334 This was exactly how I got recommendation about Heather Lee Larioni , At First I was a bit skeptical but eventually I gave her a trial with my little investment. Now I earn around $48k every 21days after subsequent investments, since late 2019 till date because I have always played safe in the market from following the signals and approach of Heather as my FA. I heartily endorse her

[@jahloveredeemer4093]

Why blame brics

[@chico9805]

​@@jahloveredeemer4093 Because misery loves company.

[@bradleydougherty1768]

Economists are notoriously bad at predicting recessions. The market is mostly self correcting. And the places where it is not, the government steps in. Thus, by their very nature, recessions are predictably unpredictable. And anyone who tells you otherwise is selling something, or an idiot.

[@skullfucker6064]

Well, you forgot to mention that: Ahead of the BRICS summit, South Africa's Foreign Minister Naledi Pandor said that there are 12 countries interested in joining the initiative. Of the 12, she mentioned 7 countries specifically, namely Saudi Arabia, United Arab Emirates, Egypt, Algeria, Argentina, Mexico and Nigeria.

[@Labyrinth6000]

BRICS is an absolute joke that is propagated by failed nations. How would a “BRICS” currency be even be backed by? Gold? Most of the gold is in the US in New York. All these country’s have too many different goals for their interests. The only people that seem hardcore to promote it are paid propagandists who deep down are miserable. BRICS will fail, deal with it! 😂🇺🇸🇺🇸🇺🇸🇺🇸

[@gabrieljoseozanan6989]

@@ketchupketchupsuxxsuxxx Will be pretty hard coming up with a cool Acronym for that, yeah.

[@camila.sweetlipz]

25 countries have applied in May. We have OURSELVES and the rest of HUMANITY, supporting EACH OTHER against the satanic, racist, corrupt, warmongering, colonizing, genocidal, abusive USA NATO ISRAHELL kingdom of satan. 🌍 BRICS IS the future. Humanity will prevail.

[@danielh7451]

Mexico joining BRICS would probably be the US' worst nightmare Sharing a border with an economy placing greater and greater dependance on China AND Russia is not gonna go down well with the US populace

[@gold_real_money]

​@@gabrieljoseozanan6989 They call it 'BRICS+'

[@wertywerrtyson5529]

My wife is Brazilian and it is really sad how Brazil has declined in the 10 years since she left the country. It is a reminder that the constant growth we are used to in some countries aren’t to be taken for granted. We freak out over a 1% drop in GDP after a decade of growth. And Brazil isn’t even as bad as some of the truly failed economies in the world. Still the increase in living standards have been amazing. My wife was born in the 80s and grew up with no water or electricity and survived mostly on corn. Now her sister that still lives there has all the modern coneviencises we take for granted such as water, electricity, broadband internet, a car, smartphone, plenty of food etc. even if things are worse compared to 2012 compared to the 80s it is a lot better. I should add she is from the poorest region of the country. In the richer regions life is very different. It is like different world seeing São Paulo and then seeing a small rural town in the northeast of Brazil.

[@Hilariusgamer]

Northeast is I think getting finally better than worse from people what I heard and what I saw. Every year they build new stuff there, getting better in education and I feel in many places that I could live there with all services I need. People there told me how they did not have almost anything and now they can buy all basic stuff and food. They just need educated people to stay and better governors.

[@ordemeprogresso727]

Asia are doing very well, since i was born in 93, i never knew how south Korea and even China could manage to be so easily developed, i remember those countries used to be poorly industrialized and even organized, here in south America and especially Brazil, nothing have ever happened that much since a booming GDP growing in 2010 with Lula being in charge, and now brazil are in decline. No rapid changes will ever happen here in properly 150 years ahead if not longer.

[@isitjustme9235]

i wonder if you know why...

[@yi4913]

Everything is amazing, yet no one is happy.

[@wallaceferreira4739]

São Paulo is a developed state of Brazil. You can say it is another, totally different from the rest of Brazil. Also the GDP, is responsable for 40% of the economy and bigger than Sweden, Belgium, Austria, Ireland, Singapore, Norway and Denmark by example. HDI is around 0.875.

[@devincharlvanvuuren6194]

Being in south africa and knowing we are both the weakest member and also most likely to get taken advantage of, especially with the corruption in country. Im scared.

[@badluck5647]

Looks like Russia is already getting your country into economic trouble

[@stefandebeer9375]

And the ANC was heavily supported by the Soviets before 1994 and they still are allies with the Russians.

[@ezrad5273]

No need to worry. China and Russia do not take advantage of states weaker than them, ever. Your country is in good hands with BRICS. Sleep tight at night my child.

[@B21_raider]

Brics is a joke bruh don’t worry rsa Brazil and Russia are a joke

[@ender8759]

You were taken advantage of by western countries for 309 years in south africa. What are you talking about 😂

[@balpreetsingh6834]

Waiting for Kazakhstan to join, so we can finally spell it the correct way 'BRICKS' Also, Kazakhstan in the countryball universe is represented as a brick

[@kushagraverma4943]

Same

[@M3ganwillslay]

kazakh will never be part of it . they are too poor . but it will become BRICKS with another powerful ally which is almost included .. Kingdom of Saudi Arabia .

[@2hotflavored666]

​@@M3ganwillslay Too poor? You do realize the shithole that is South Africa is also apart of BRICS?

[@danielhutchinson6604]

The Meeting in China over the last week seemed to include them. The former Colonial Empires of the Western Powers appear powerless to stop the assembly of a BRICS Wall? I fear the Western Fiat Economy, fat and bloated with corruption may not clear the Wall? Could be a crash?

[@mutyalammapalemps892]

Why Kazakhstan ask for Kenya or even korea

[@fabvz5436]

This video is perfect to understand why brazilians want more BRICS integration, even if the allies are not trully democraric. Even if we are politically and geographically close to the west this countries don't consider us part of the group, while China and Russia do treat Brazil much more as a equal

[@D3xterJettster]

Russia and China just want to wage war and invasions without sanctions. Other members will become enablers.

[@triz8399]

The USA sees us as their backyard. Pawns that they can command and dismantle. Change politics and sink us into dictatorships to never allow us to grow. For now on they can call BRICS → KARMA 🇧🇷😌

[@BeaverChainsaw]

In my opinion Brics is not the G7 counterweight the world is looking for but I could totally understand your sentiment. So many westerners and amateur investors on the internet claim brics as some sort of end of American hegemonic is so xenophobic and condescending.

[@watchman835]

Just a question, is it easy to have good human rights record when the country is not wealthy and don’t have that much resources to go around? Or is it easier to accumulate wealth by colonise, pillage, genocide and exploit all over the world earlier then hopefully establish wealthy younger generations with good human rights records?

[@tharabhai1794]

May be yes

[@souravjaiswal-jr4bj]

At 14:34 correction. India is still second in terms of workforce (18-65). By 2030 things might change.

[@wisdomhighschool9975]

The Video is Mostly FALSE especially about India's Recent Economic Rise, Mixing India with 'Failing' Economies is nothing but FARCE, Since India Today Is the World's FASTEST GROWING MAJOR ECONOMY And Recently Overtook Canada, Italy, France and The UK to become World's 5th Largest Economy in just Last 8 years, And IMF Predicts that India WILL overtake Germany and Japan to Become World's 3rd Largest Economy by 2028-2029 and Not Just Workforce, Just Last Year, Cisco,Apple, Google, Amazon, Foxconn, Walmart and Other Major Companies have announced and Invested Billions into India's Manufacturing and Exports

[@wisdomhighschool9975]

Mixing India with 'Failing' Economies is nothing but FARCE, Since India Today Is the World's FASTEST GROWING MAJOR ECONOMY And Recently Overtook Canada, Italy, France and The UK to become World's 5th Largest Economy in just Last 8 years, And IMF Predicts that India WILL overtake Germany and Japan to Become World's 3rd Largest Economy by 2028-2029 and Not Just Workforce, Just Last Year, Cisco,Apple, Google, Amazon, Foxconn, Walmart and Other Major Companies have announced and Invested Billions into India's Manufacturing and Exports

[@HapppyMann]

designated shitting street

[@user-ll5fq3tl1j]

China still first?

[@ulikemyname6744]

@@user-ll5fq3tl1j Yeah

[@richardellingson7056]

Man, if South Africa had the electricity to watch this video, they'd be pissed

[@ElectrostatiCrow]

Lol. No worries I'm using the wifi and generator right now.😂

[@stevewilson4718]

They were selling coal to keep Europe warm in winter.

[@JitzyJT]

the load shedding is that bad?

[@blumoogle2901]

Everyone I interact with regularly, and every business I need to do business with has either a solar array and batteries, generator or UPS, and in most cases all of the above. So I guess in areas of South Africa which are part of Africa, geopolitically and economically speaking, it's bad, but in other areas no-one really notices the loadshedding because it's on the outside - you only know it's loadshedding because you can hear the generators in some of the nearby buildings and some of the streetlights might go out if they're owned by the city/government. Surely there's extra expenses to pay for Diesel and more regular maintenance checks for infrastructure, but by and large your Employer, HOA or Association of HOAs acts as another level of local government to provide those services the government doesn't.

[@hrushikeshavachat900]

One of the major issues of BRICS, is the largest economies of the group dont like each other and they have been at war once and smaller aggressions many times.

[@lockbert99]

An undersea fiber optic cable from South Africa to Brazil doesn't look significantly different than one from South Africa to India based on the map shown.

[@lightmonkey1520]

Objectively, BRICS has potential. It's the leadership that will squander it.

[@flameking2178]

what else is new?

[@snuggiemsk7910]

Just like how the g7 leadership is plunging each of their countries into trillions of dollars of debt right?

[@damneddude8299]

And all the corruption

[@rimondas6729]

@@damneddude8299 US is more corrupt than China

[@corona__virus]

가장 큰 단점은 시위를 하더라도 대통령을 바꿀수없다는 것입니다. 이것은 러시아와 중국만을 의미하는것이아닙니다. 인도와 남아공도 포함됩니다.

[@vanillagorillagaming9474]

As an ex-South African, your comment of "South Africa is also there" towards the end, sums up the current trajectory of the country :D

[@lm_b5080]

what is an "ex- south african" ? never knew somebody could be ex their origin?

[@vanillagorillagaming9474]

@@lm_b5080 when I emigrated and applied for citizenship in my current country, I never applied to RSA for dual citizenship which is a requirement, so I've lost my RSA citizenship by default

[@lm_b5080]

@@vanillagorillagaming9474 o interesting

[@khayamaloney748]

lol using your ex to bring attention to yourself is crazy business. Ever heard of the cheerleader effect?

[@KR-xn8xr]

Ex SA 😂😂😂 Tsek 😂😂u can leave south Africa but u can never take south Africa out ur heart ur passport is just legalities dont come here with ur tendencies 😂😂😂😂😂

[@brexistentialism7628]

One of the best videos clearing up with a lot of misconceptions which are flying around on social media these days.

[@denzel1877]

hahahahaha objective coz it soothes your fears?

[@bluemoondiadochi]

Worried? that there's an economic framework that doesn't dance to Washington's tune? oh the horror. how DARE they.

[@saharoori]

You should start a new list for economic groups/alliances since they aren’t operating the same way as countries

[@BasicMusicCenter]

The dollar may indeed fall. The key is to build adherence little by little, have productivity targets, well-structured economic plans and, if necessary, cut bad paying countries. As with everything in life, you have to analyze and see what's worth it. The reality is to be prepared for the challenges of the downfall of the financial world. So let's worry today or tomorrow we will have global economic crisis, every penny is gold 😭.

[@kanekiken2002]

Just like you ignored India in this video, we ignore this group here in India. I have never seen anyone talk about BRICS in my five years of studying economics. Not a single professor ever talked about BRICS, infact they talk more about ASEAN and EU as an example.

[@paintpaintpaintco.6039]

It’s amazing how he essentially made up a phrase and made a video about it….and it’s called “bricks” the letter k stands for South Korea…he completely ignores Korea

[@mna7308]

It's a ride along

[@connerhartley7142]

​@Paint Paint Paint Co. What tf are you talking about? South Korea is not part of BRICS

[@nuxxism]

@@paintpaintpaintco.6039 BRICS has nothing to do with either Korea: en.wikipedia.org/wiki/BRICS

[@subasthapa8323]

😊

[@TheMemeGuy124]

Putting India, China & Collaboration in one statement is a very difficult ask

[@pranavgandhar4604]

India is not a vassal state like Ukraine for US against China

[@pranavgandhar4604]

India will go with China if it serves India interests

[@fongangamassana6034]

Saying the BRICS are like the Avengers with a terrible human rights track record is basically saying they are the AVENGERS. Since the Avengers too have a terrible human rights track record.

[@tharabhai1794]

Yup he is saying good about it 😊

[@notapplicable7292]

Really I think the most important point to note is that china is a dramatic outlier that is making an otherwise tiny group appear significant. What china wants brics either fall inline with or lose out on the small windfall of supporting china in those efforts.

[@Fireway12]

Yes just like the USA

[@MS-vk9ph]

@@Fireway12 China got the avengers of lunatic and garbage countries. Russia losing the war, China making up gdp data, India would jump ship to America when things go bad with Brics and the others don’t matter.

[@badluck5647]

​@@Fireway12 The EU, Japan, and South Korea are big players on their own. India will make themselves a major player on the world stage if they don't get themselves stuck under the Chinese umbrella. If Modi was smart, then he would forget about Russia and try to join the G7.

[@Sundara229]

@@Fireway12 Compared to whom? The EU?

[@paulbennett6914]

I also think its fair to wonder whether analysis such as China is the factory of the world is forward or backward looking?

[@igormarcos687]

Many people underestimate it. It is not about what it is, but the open communication channel. A lot of potential, truly, is not being harnessed, but actually being kept as a special move in case it is needed. Need economic, military or political deals between the member? "let's talk about it" is the answer So it is not about the deals made, but the deals that can be made by having an open channel to talk

[@billweberx]

Most of the countries are run by Tyrants. They will never cooperate with each other. Example: Europe cooperated with Russia on oil and gas. Look where that got them.

[@johnc4224]

India and China are about to go to war, their is no chance this alliance of corruption can work.

[@TheVetein]

True. Nice comment

[@anonimanonim2710]

South Africa being the last to be picked in a group project team lol

[@kavanpuranik98]

"Should we be worried about BRICS" Who is we?

[@AlamarFilms]

"A lot of these countries dont even like each other" Insert stock video of indian man expressing disappointment 😂

[@danielhutchinson6604]

Most of those Nations have become tired of exploitation by Colonial Empires for a few Centuries. The ability to gain the respect of other Nations is what they seek.

[@ezrad5273]

@@danielhutchinson6604 The ability for the BRIS to be subservient to China is what China seeks.

[@HeliosLegion]

Europeans don't like each other either. There are 52 sovereign states in Europe, and you could drive in three hours and hear four or five languages spoken and encounter four or five countries that bitterly despise each other over things that happened centuries ago.

[@siliconhawk9293]

@@HeliosLegion britain exists and if welsh and Northern ireland people on the internet is anything to go by they are not the biggest fan of England to say the least

[@nizze1114]

​@@HeliosLegion 52?

[@faiq026]

Waiting for EE doing ASEAN video

[@WARZONEMOBILEPLAYER1]

Same :D

[@IronShogun]

In a few years this video will be termed as top 10 anime betrayals or top 10 flops or top 10 circumstances where players celebrated too early.

[@rohanpawar8441]

Hearing Human rights lectures from a western citizen is just ironic comedy in the World.

[@LevisH21]

let me guess. same boring accusations of colonialism and racism again? reality check, genius. non-Weszern countries had the same amount of slavery, colonialism and racism problem and still have as the West did. so stop bitching about something that basically was universal. the major difference is, in the West these problems are actually talked about and seen as a seen. NOBODY will ever talk about the colonialism past of Arab countries, the Ottoman Empire, China, Russia, etc. why? because if hypocrisy and being braindead or ignorant to it. it's very convenient to talk about the sins of some countries but not about your own. regardless, just my opinion.

[@yogesh41048]

USA is running illegal prison in Guantanamo bay, Cuba for decades....None of USA's law applied to prisoners....more over what they done to Libya, syria, iraq, Afghanistan etc is known to world....in fact, France is still a coloniser in Africa....

[@kuljeetsingh9]

The idea of BRICS was good originally but does not mean anything anymore as India , Russia and China are on very different trajectories. The QUAD today has way more potential than BRICS.

[@surajbiradar9827]

Yes, I agree

[@xhxhxhxchchchch6901]

I wouldn’t be too sure china and Russia are being caught sabotaging the west all the time and India allows a multi billion dollar scam industry to exist that primarily targets western countries. All 3 of these countries are trash and need to be crushed

[@HemantKumar-id3jg]

That's because quad in recent months has gone from low level official meetings to head of state level meetings and is actively working on different sectors none of which is military related. BRICS is not comparable to that. It's not an alliance. It's symbolic and purely economic relationship. Videos like these hyping up this grouping almost feels like propaganda.

[@recoil53]

It's more of a convenient for the time conceptual grouping. Their interests certainly collide.

[@lookintoit4537]

So true.

[@abdelra7man87]

I usually like your videos, sometimes I don't. But the amount of short sight (I don't want to call it arrogance) in this one is tremendous really

[@Pranesh112]

He sounded kinda biased, ignoring the basic fact that dollar has started misusing its power as reserve currency and increasing inflation across globe some alternate reserve currency was bound to come to dethrone dollar, lets see now.

[@frankkobold]

​@@Pranesh112dethrone dollar by what? The Euro? And also, let's keep in mind that a huge part -if not the biggest-of the current inflation is the mishandling of the pandemic by China (with it's impact on global supply chain) and Russian idiotic military action

[@urosjoncic2770]

@@Pranesh112 He also did not speak much about India and economic growth of India which has been amazing in last few years and will continue to be so in next decade. This was in segment of the video when he was speaking about each country individually and he did not speak about India individually that much.

[@markswagga5669]

This is arrogance. Spoken by someone who is biased towards the USA and the G7. Plus if we are talking about human rights abuses, the US is a leader there too by a big margin.

[@abdelra7man87]

I mean the fact of the numbers that were said are correct but without the big picture of how also the western economies are behaving become misleading. I also believe the time scale of which the final outcome of this bone crushing battle is really long. Finally, the geopolitics was totally ignored which I believe is a main driver here. A slowly but surely new world order with its advantages and disadvantages.

[@ghostmaster1734]

You should study about the non alignment movement. It will probably give you an insight if why india would like to stay independent of other major western players

[@chiranjeevmehra9860]

The tone of this video has an essence of western narrative on so many levels. I would mark out a few points from this video which made me feel that. 1) this video only talks about the GDP as a whole bit in reality a more accurate parameter to calculate a countries wealth is GDP PPP as goods are not the same price every where. 2) I felt that at many instances in this video India was deliberately ignored ex; when he mentioned that these countries are declining he mentioned all the countries except India which felt fishy. 3) This video sounded more focussed on portraying the negatives, but somewhere I feel that countries like Saudi Arabia, Argentina, Mexico etc are not that dumb to apply to become a part of a failing group. Please correct me if I am wrong as this is purely what I felt.

[@g_wylde]

Yeah, it stinks of western fear. Westerners will hear about global south countries wanting some of their own things instead of being content with the leftovers from the west and immediately think that sounds suspicious and scary. Like sure how dare China and Brazil and India and South Africa and Argentina and Algeria and so on - all incidentally countries who spent centuries under western colonialism/imperialism - want to do their own thing without being under America's thumb, and so much as try to prioritise their relationships with each other over simping for western interests. They must be inherently evil right? It's like they're so comfortable in their privilege that any attempt, however weak, to make things just a little less unbalanced is seen as an immediate threat to their very existence. It's like the geopolitical version of incels and 'Blue Lives Matter' types, except the western leftists themselves can barely see it (the saving grace is when he mentioned that if the global currency was China's it'd make sense for the EU and US to want to make one of their own - he can at least see that not wanting to be under another power's thumb is a pretty logical choice).

[@imapimplykindapimp]

I wonder on the PPP front - is it actually the better number when we’re considering the activity of e.g BRICS on the global stage? Definitely if we’re comparing quality of life between countries not not sure if we’re comparing they’re global ‘oompf’. Just a question I have

[@chiranjeevmehra9860]

@@imapimplykindapimp I think considering PPP does make a huge difference on a global stage too. In simplest terms I understand that PPP has a more centralized exchange currency exchange rate which is extremely difficult to manipulate as it is not dictated by the market sentiments. Also, standard GDP is only considered based on the internationally traded goods but it ignored the domestically consumed goods and services which is actually considered while calculating the PPP. Now any business across the globe would like to penetrate a huge domestic market or at least would like to become a player in it. Thus high GDP PPP is a global indication about a country’s local market and a better PPP attracts FDI which further plays a crucial role in the political and economic economic development of a country on a global stage. I might be wrong but this is what I think why PPP is more reliable strategy while talking about it economic size

[@lipun7568]

UAS is the hegemony power now China wants to be in future But India wants multipolar world. Not dominated by any of these countries.

[@greek2068]

It's a propaganda piece

[@qnxuxamasesalminger]

As someone living outside the global north, I see this as something good

[@water9097]

Why are many youtube people hyping BRICS so much ? It is just a get together of some non western big nations .

[@_UCS_SwapnilSahaiSrivastav]

It's good for everyone except G7 countries and perhaps NATO countries

[@gdf_6c]

Only Russia and China have particularly bad track record in human rights among the BRICS. The other ones are pretty ok

[@boosterh1113]

Eh, depends how old you are. Apartheid South Africa is sort of the poster child for "bad at human rights."

[@gdf_6c]

@@boosterh1113 - that was 30 years ago, under a different constitution that was toppled by the current republic. It would be just as absurd to claim that Germany has a terrible human rights record because of STASI, or Portugal because of Salazar, or Spain because of Franco.

[@chico9805]

I don't particularly understand why the West regards itself, as the arbiter of human rights. America's actions in the Middle East alone, dispell this myth of superior morality, not to mention the growing authoritarianism in Europe.

[@BenSchmerler]

Interesting video. In the future, you might want to look at how you use color in those charts. It's really tough to distinguish things when some of the colors are so close in shade.

[@gbic100]

I discovered in this video that youtube has a dub option. You are awesome for your effort to portuguese speaking people!

[@Richi_Boi]

Would their common currency be a "Brick"?

[@M3ganwillslay]

" Biro " its already underway

[@WARZONEMOBILEPLAYER1]

🤣

[@rat_king-]

throws economic union in protest.

[@Michiel_de_Jong]

I was thinking about a "Truble"

[@ezrad5273]

Rubble just like Russia’s currency and economy.

[@valanikevin]

“Failing economics” really? This video now made me doubt the entire content on his channel which I thought was to the point.

[@siddharthmalhotra3699]

Dude just made a whole video on brics group which is an economic group and didn't care to mentioned the Indian economy even once 💀

[@swapniljain2856]

I think when you use 'WE' you think your only audience is US

[@CyberMass]

"based on these totally arbitrary measurements" I lold

[@mathewomolo]

I feel like you missed the glaringly big unifying factor for these countries. They will stick through any difficulty if it means being free from US sanctions and paternalism. Some Brics countries hate each other yes, but not as much as they hate the US, and that reason alone is why I'm convinced that Brics nations will work out their differences because they literally can't afford the alternative anymore.

[@ytbois9337]

That's the point they really just gonna sideline their problem and go against usa if usa goes against them otherwise they just gonna walk on their own they made this group to save their country from usa sanction becuz as it's known usa sanction country randomly just becuz it wants to yah only country in brics that is safe from sanction is india but there no solid guarantee

[@umangrathod6737]

Exactly... !!!

[@Ducktility]

No, India may have unfavorable views of USA, but it clearly hates China. BRICS is a step towards multipolar world to break the economic hegemony of the incumbents, even if means shaking hands with enemies.

[@davidgreen5994]

Really? China and especially Russia may hate the US, but I don't see why India or even Brazil would share that hatred. Is nonsense. India in particular, just can't wait to take the place of China as the world factory, and US and EU are the main clients for that. Even when it comes to Russia and China, how much they actually hate the US is very debatable... you would be surprised how much is real and how much is domestic propaganda. I assure you that even Russia would prefer to cozy up with the US, than having to do the same with China, which is much more dangerous to Russia than NATO. All this bullcrap comes from the wish of some old farts to preserve their privileges and stay in power, and not some grater geopolitical concerns.

[@VideoMagician77]

Brazil, Russia, India, China, and South Africa make up BRICS. All of these countries with the exception of India and China, have shrank in economic terms over the past 10 years. China going forward, is going to have a much harder time growing since their labor force has peaked in size and is now going into decline. In addition to this, the price of Chinese labor (especially when you factor in tariffs) is much higher then it is in many other areas of the world which is going to fuel an exodus of manufacturing out of the country. As China shifts into low-growth mode, this leaves India. India is the only member that is going to see fast economic growth over the next 10-20 years. Given this, I don't know if it is likely that the BRICS will be in a prosperous enough of a situation to act to create a currency that would act as a stable alternative to the US dollar.

[@Fvcktheirdads]

I hope he revisits this topic in the future. Especially since many members of OPEC are due to join next year.

[@badluck5647]

Do the G7 next!

[@angelcabeza6464]

They are all Rich the only difference in bricks is that china is the only rich nation there

[@badluck5647]

​@@angelcabeza6464 G7 is about 40% of the world's economy and they are more politically aligned than BRICS, so they actually achieve their goals.

[@ArawnOfAnnwn]

@@badluck5647 Most of that is the US, and almost all of its military power is in the US, so yeah they're 'aligned'. The BRICS nations are far more independent of each other than the G7 has ever been. What you call alignment, many see as vassalage. They literally even agree to hurt their own interests just to please the US (like how Japan agreed to screw themselves over with the Plaza Accords).

[@handlemonium]

The African Union too please 🙏

[@icecoldliberator5882]

@angelcabeza6464 If you look at economic output as GDP at PPP(the more accurate indicator), india is the 3rd largest economy in the world at almost half the US and China EXCEEDS the US by 10 trillion USD, for context india at 13 trillion=economy of Japan, Germany and France COMBINED, and if you look at the same list, of the top 8 highest GDP ppp figures, 4 are from the BRICS, imo they have potential to outweigh G7 in relevance even at this moment but the only thing stopping is personal vendetta and disputes.

[@hhkk6155]

This video reminds me of an ostrich that stucked its head into send 😂

[@dontree1977]

China and India have constant boarder disputes, according to other channels. How does this factor in to Brics

[@JoelOman1980]

"The Avengers of the terrible human rights records" 😅 Cracked me up!

[@FofandiSiddharth]

Assembling the Avengers of terrible human rights records... Clearly US and Europe has grea8 human rights record.. 😅

[@chinmayghule8272]

At least in their country it is. That's the reason why people immigrate to US and Europe, not the other way around. The first step in solving a problem is to acknowledge the problem.

[@Nermalton77]

@@chinmayghule8272 It is very easy to get rich while exploiting the rest of the world. Europe/US historically not only extracted wealth but exported internal social tensions. It's great that Europe creates a functioning society nowadays, but it is not possible to ignore what was its cost worldwide.

[@chinmayghule8272]

@@Nermalton77 That is indeed the truth. But I like to look at it in another way. Everybody had the chance to exploit each other, and everybody did so in every opportunity they had. In this battle for supremacy the west won for various reasons, and they did things what a victor in those times would do. If it was the other way around we too would have done the same. Now after all these years it really doesn't matter how much we complain, for it is useless and a waste of time. The western world has changed a lot. A person from an immigrant family can become a high level political figure or a CEO in western institutions, but can we say the same for others? I'm no smart guy, but I do understand that winners win for a reason, and in the real world, it's all that matters.

[@chico9805]

​@@chinmayghule8272 People regularly get arrested and imprisoned for 'speech offences' in Europe, with this authoritarianism worsening year-by-year. If Russia is evil for locking up Navalny, what is America for Assange?

[@roro4787]

@@chinmayghule8272 No one is going to US or Europe for human rights, we go for economic intrests which is directly linked to COLONISATION AND SLAVERY. So first get your facts right. Today east Asia including China is much safer than the streets of USA. I am also from India who have lived in China, US and Germany I know the difference. Moreover times are changing as the economic center moves to Asia again like in the 1700s western willl come to us in Asia, that time is very close

[@undercoverduck]

Whoever picked the colours for these graphs needs a crash course on legibility and colour theory 😅 A whole rainbow of colours at your disposal and you choose five nearly indistinguishable shades of yellow to represent different countries within the same graph? Come on.

[@s9ka972]

They want to show Brics group is failing . Then Comes China and India who consistently grow at above 6% for decades.

[@donalduncleusa6552]

World should be more worried about USA & UK

[@AyushKumar2may]

when you told about terrible human right record I laughed out.

[@timrobertson8436]

Another example and illustration of how and why economics fails to explain the way the world works in a practical sense

[@8cor153]

Please please please give us your estimate for China's GDP. Is it 60% smaller than advertised as everyone is reporting except the formal media?

[@rainboworiental9521]

actually I see the economist report it, but they also report contrary research claiming China economic growth following the western estimatation (the second report main point is Chinese growth rate is too bad so they see even creditable). According I one and half years experience about economists, they have bias toward China so made them hard to be believe in Chinese affair

[@wisdomhighschool9975]

The Video is Mostly FALSE especially about India's Recent Economic Rise, Mixing India with 'Failing' Economies is nothing but FARCE, Since India Today Is the World's FASTEST GROWING MAJOR ECONOMY And Recently Overtook Canada, Italy, France and The UK to become World's 5th Largest Economy in just Last 8 years, And IMF Predicts that India WILL overtake Germany and Japan to Become World's 3rd Largest Economy by 2028-2029 and Not Just Workforce, Just Last Year, Cisco,Apple, Google, Amazon, Foxconn, Walmart and Other Major Companies have announced and Invested Billions into India's Manufacturing and Exports

[@wisdomhighschool9975]

The Video is Mostly FALSE especially about India's Recent Economic Rise, Mixing India with 'Failing' Economies is nothing but FARCE, Since India Today Is the World's FASTEST GROWING MAJOR ECONOMY And Recently Overtook Canada, Italy, France and The UK to become World's 5th Largest Economy in just Last 8 years, And IMF Predicts that India WILL overtake Germany and Japan to Become World's 3rd Largest Economy by 2028-2029 and Not Just Workforce, Just Last Year, Cisco,Apple, Google, Amazon, Foxconn, Walmart and Other Major Companies have announced and Invested Billions into India's Manufacturing and Exports

[@badluck5647]

While China isn't truthful about their GDP, you don't seem to be using good faith numbers either.

[@8cor153]

@@rainboworiental9521 What is not debatable is two things, China emits half the light at night that a $17 trillion economy should emit. Second, China can't fake their import numbers and it looks like the 5% GDP growth they reported was the opposite of what really happened in the first quarter.

[@0907Ramesh]

Its convenient that you included India when you mentioned “countries with horrible human rights records” and excluded India when you spoke about how BRICS countries’ growth is slowing down. Shows how India’s rise is unacceptable for many countries who think its still the 1800s.

[@simony276]

BRICS, our new hope for a better world

[@VikasSingh-nq8do]

10:25 its hilariously true that india and china literally fight with ‘bricks’ at the border 😂🗿🤝

[@dert693]

As a South African, your comment at 14:30, was so demeaning, harsh... and ultimately true.

[@kamelkadri2843]

Well until they sort the massive corruption that it's stealing the funds away from Eskom, and having proper power grid and no more shared power, I mean spending 8 Hours in the dark every single day is just not right, and that's one problem out of thousands, Crime is another major problem, it wasn't demeaning nor harsh in fact it was generous, I love south Africa but things wont get better by lying and pretending, a broken pipe must be fixed

[@PegasusFleets]

The most important thing is that humanity loved Love on it all !!

[@its_manutanwar]

Well, France has just sought an official invitation to BRICS summit, this alone is enough to asses it's potential.

[@kousik8042]

sought an invitation ...not approved...wake up buckle head

[@its_manutanwar]

@@kousik8042 who said approved? Look clearly

[@homebrandrules]

what was australias score on the economics leader board ?

[@neldenscarlet9570]

I'm from brazil and I'm very much surprised in seeing a video about the brics , and even more so with a dub on my native language ! Muito obrigado EE ! Seus videos são otimos !

[@wisdomhighschool9975]

Not a Very Clean Video to Watch it Firstly,Mixing India with 'Failing' Economies is nothing but FARCE, Since India Today Is the World's FASTEST GROWING MAJOR ECONOMY And Recently Overtook Canada, Italy, France and The UK to become World's 5th Largest Economy in just Last 8 years, And IMF Predicts that India WILL overtake Germany and Japan to Become World's 3rd Largest Economy by 2028-2029 and Not Just Workforce, Just Last Year, Cisco,Apple, Google, Amazon, Foxconn, Walmart and Other Major Companies have announced and Invested Billions into India's Manufacturing and Exports

[@VinyZikss]

mano what eu nem sabia q tinha dublagem assim no youtube, q loucura

[@ender8759]

Tu agradecendo e ele falando mal o vídeo todo dos nossos países 😂

[@isaacsilva666]

Faz o L

[@RicoFerrari]

@@ender8759 Exato, esse youtuber é um mané que nem foi pesquisar o que diz. Falou que a economia do Brasil encolheu pela metade nos últimos anos. Se tivesse acontecido uma M dessas, tinha tido guerra civil.

[@johnholleran]

Could you add an end section to your videos? They end so quickly that the recommended video cards always cover the list on my phone, so if you add just a little something at the end, we can see better!

[@purpledolphinstv2884]

Notice the British accent but he never mentioned the uk and france were denied joining😊

[@jordanlaramore5430]

I've kinda always thought that BRICS feels like a big nothing burger. It has potential but as of yet I think little has been done to actually show they have that potential.

[@surajbiradar9827]

I don't think it was ever designed to be more than a basic economic cooperation forum with NDB providing some loans. The video makes it look like an economic alliance which is far from the truth.

[@ethribin4188]

Thats the vibe I got from this video too. High potentual, with basically notbing there.

[@yami6499]

Problem is many western ppl see BRICS as some sort of NATO....it's anything but that. It's an economic co-operation block..thats it. Because of military issues between chain and India and china's support for pakistan, it simply cannot become a military block. Chinese and Indians have always been quite clear on this regard.

[@yougetaspear7799]

When the hear the G7 is meeting thou their share of global GDP has declined to like 40% and declining as the global south

[@SirNyanPanda]

​@@surajbiradar9827 Well, according to Putin, this is an alliance of all alliances, one to bring the end to USA rule

[@nathanbuttigieg5999]

It’s so interesting to watch people who don’t have any understanding of how the global reserve system currently works that they then think something will take it over. It would help to understand the current international system to see why these types of conversations are not even close to being related.

[@IqbalHamid]

So many judgemental comments against these countries raises concerns over the impartialiaty of Economics Explained as a channel and its credibility. I also remember how recently, its analysis was destroyed by Dr Juri from the channel, Money and Macro.

[@MartinZanichelli]

Regards from Argentina to all Brazilians, Indians, and Bangladesh, our close friends, and other BRICS countries or candidates to enter (like us). We will create a New Order and finish with the Anglos.

[@pranavingale6850]

Excuse me, Bangladesh? In brics? Since when?

[@mladen5140]

Is this video like privated or smth? Cuz like I can only find it in one specific section of your channel

[@grayblack]

Must've been. Just came out less than a minute ago 😂

[@himajin1866]

How did you comment 22 hours ago when it was uploaded only minutes ago?

[@gtbkts]

Thanks for the awesome content and great videos!

[@wisdomhighschool9975]

Mixing India with 'Failing' Economies is nothing but FARCE, Since India Today Is the World's FASTEST GROWING MAJOR ECONOMY And Recently Overtook Canada,Utaly, France and The UK to become World's 5th Largest Economy in just Last 8 years, And IMF Predicts that India WILL overtake Germany and Japan to Become World's 3rd Largest Economy by 2028-2029 and Not Just Workforce, Just Last Year, Cisco,Apple, Google, Amazon, Foxconn, Walmart and Other Major Companies have announced and Invested Billions into India's Manufacturing and Exports

[@Peter.F.C]

I really enjoyed this video because it is yet another example that most talking heads you find on KZbin, even when they have a couple of million following them, don't have a clue.🙈😆🤭

[@nilnil8411]

In a couple of decades India could rival China or even surpass it on GDP terms.

[@saitama2508]

In couple of decades lots of things can happen, everything isn't linear

[@sachin2842]

@@saitama2508 but the future is based on present.

[@saitama2508]

@@sachin2842 once on per capita income basis china was pooper than us and Pakistan was richer so someone could have said the same thing then

[@sachin2842]

@@saitama2508 Let's wait and see then. goodluck

[@JD-hx7yd]

​​@@saitama2508Hence why the original commenter used the word 'could' as opposed to 'will'.

[@dmalcolm7735]

I believe BRICS is highly understated in the world of economics and power. Or maybe just the truth is easier to ignore, because it's not easy to get to terms with.

[@mathieusimoneau3358]

Per Capita reading of Brics nations is why they are not taken seriously. Who cares about the economic weight of a billion subsistence farmers? When you start comparing Per Capita, you realize the 1.3 billion Indians are not even twice the weight of 35 millions Canada. It comes down to which country can make the most of its citizen while increasing its technology and welfare.

[@advancetotabletop5328]

The truth is that when you have Russia and China around, nothing good (for you) comes out of it.

[@blokin5039]

@@mathieusimoneau3358 That's China.

[@mathieusimoneau3358]

@@user1_vishal_ Yup you are right on one thing. You don't get to deny something without arguments. I'm waiting for them.

[@water9097]

It is overrated

[@Saarth_]

It seems like any alliance that doesn't align with liberal western hegemony is always concerning. Analysing any international alliance the way EE has done here would make almost any alliance seem "alliance of convenience". Also having a multipolar world is a good thing, and a good step away from western imperialism.

[@legodude666]

"Muh western imperialism", too bad when the western imperialists step away, your country regresses back into the dark ages.

[@chinmayghule8272]

I agree with the western hegomony but not with the liberal part. Liberalism has made the world a much better place and is more of the major factors in shifting the world from serfdom to capitalism. The western hegemony plays a role in keeping check such that our societies don't deteriorate to the way it was before, with a small number of communities holding power, wealth and influence over the whole society.

[@riplikatlnloki5091]

He’s showing this video from a western perspective to westerners

[@porridgeramen7220]

@@chinmayghule8272 Liberalism is not simply analogous to "progressive". It's the idea that personal responsibility trumps collective responsibility, which is ignorant to the fact that social conditions affect the development of civilisation. The idea of that an African nation is poor today, it's because they stayed poor, and not because of French meddling.

[@chinmayghule8272]

@@porridgeramen7220 I think we can agree that the world is a better place than it was a few centuries ago. We have made great strides in terms of human rights, economic development, and technological advancement. And while there is still much work to be done, I believe that liberalism has played a major role in these positive developments. Liberalism is based on the idea that individuals are free and equal, and that they have certain inalienable rights, such as the right to life, liberty, and property. It also emphasizes the importance of individual responsibility and the rule of law. These principles have helped to create a more just and equitable world, and they have also led to economic growth and prosperity. Of course, liberalism is not without its critics. Some argue that it is too individualistic and that it does not take into account the importance of social responsibility. They also point to the fact that liberalism has been used to justify colonialism and imperialism. I believe that these criticisms are valid, but I also believe that liberalism is a valuable framework for building a better world. It is important to remember that liberalism is not a perfect system, but it is the best system we have. And I believe that it is the best hope we have for creating a more just and equitable world for all. In response to your specific points, I would say that liberalism does not ignore the fact that social conditions affect the development of civilization. In fact, liberalism is based on the idea that individuals are shaped by their social context. This is why liberalism emphasizes the importance of education, healthcare, and other social programs. These programs help to create a more just and equitable society, which in turn helps to create the conditions for individual flourishing. As for the issue of African poverty, I agree that it is a complex issue with many contributing factors. However, I believe that colonialism and imperialism played a major role in creating the conditions that led to poverty in Africa. These systems of oppression robbed Africans of their land, their resources, and their dignity. They also created a legacy of violence and instability that continues to haunt the continent today. I believe that the best way to help African countries overcome poverty is to support their efforts to build strong democratic institutions and to promote economic development. We should also work to address the legacy of colonialism and imperialism by providing reparations and by supporting reconciliation efforts. I believe that a multipolar world is a good thing. It means that there are multiple centers of power, which can help to prevent the domination of any one country or group of countries. A multipolar world is also more likely to be peaceful, as countries are less likely to go to war with each other if they are not competing for dominance. I hope this response addresses your concerns.

[@rajarshisaha9415]

Again another video where someone from one of the greatest countries in the history of mankind (no can dispute it, not even God) is just satisfying their insecurities of being at the top of the world while trying to keep the rest under their feet, Top quality content 💀💀

[@QuatMan]

Is it insecurity? Or is the truth just hard for you to accept?

[@Karma-The_Eagle_philosophy]

" Should "We" Be Worried About The BRICS? , " Who are " We " in the title of this video? Should We Be Worried About G7 and NATO? This video is very American and British.

[@bielhelp]

"Why does Brazil wants to be away from the U.S influence?" Well, after they helped a military coup to occur in Brazil during the Cold War, it's pretty obvious the reason.

[@simaoribeiro6390]

1:30 portugal is missing in this map. But otherwise, keep up the good work 👍

[@rileymosman2808]

The South Africa comment with regards to industry got a wonderfully unflattering laugh from me 😂

[@in_tasin]

Aa a Bangladeshi I am very happy to say that in future Bangladesh will be a new BRICS member!

[@drewyoda]

@economics explained can you do an episode on the economy of Zambia?

[@mainmusik3677]

If you live in zambia , you can see by yourself how the government handle corruption, crime, and law enforcement. If it's better than before, it would be great for economy

[@shotelco]

Why would you ask this channel for that? This guy has a European supremist bias anyone can see from a mile away. How about YOU do the research, and YOU post a video on Zambia? Trusting Anglo/Euros to present anything about other cultures, _especially_ any nation in Africa is like being victimized, and then taking your case for justice to the criminal who victimized you in the first place. You don't take your case to the criminal, you take your criminal to court - if BRICS moves forward with their alternative currency plan, that would be the first step to taking the global criminal(s) to court.

[@mathieusimoneau3358]

As you rightly mention Brics is a motley crew of conflicting interests and direct rivalries. China would love Brazil to give it more access but that is obfuscating the fact Brazil is a USA military ally. India and China rivalries will not be solved anytime soon. India eyes are also set at Pakistan's crisis and may make a military move to snatch territories. SA economy is sadly a non-player after a decade of struggles and depression. As for Russia the absolute loss of its soft power and the degrading of its military along its pariah state make it more hurtful than the opposite.

[@lexluong8155]

Not sure if its degraded. Ukraine is out of Ammo not Russia. NATO is being demilitarised. I believe Russia's economy is projected for growth next year unlike UK, Germany and rest of EU vassal states.

[@surajbiradar9827]

As an indian, I don't think the government has any plans for any territory even a disputed one. Because they themselves are stretched thin due to border standoff with China. Plus the nuclear weapons make any substantial territory change a non starter in the area.

[@ashwinkanase6866]

​@@surajbiradar9827 They have been thaught about Indian Pakistan dispute from the western propoganda filter ,for them Pakistan is the victim of Indian atrocities and are blinded to their terrorism .

[@HemantKumar-id3jg]

@@surajbiradar9827 Shush.. Let The guy live in his fantasy land.Westerners specifically Americans think making outlandish claims about countries and people they barely have any knowledge about is their god given right. Reality doesn't matter to them. The guy actually thinks what didn't happen in the last four wars with Pakistan (one of them created Bangladesh) will happen now😂😂. The absurdity of it all is just hilarious. They think everybody is an American, killing people and invading countries just because they can.

[@recoil53]

Russia is a useful source of cheap oil and other mineral wealth. And food. But I see them as more difficult because they will absolutely be butthurt by not being seen as a super power. So when the opportunity comes to assert themselves, they will in a loud and inconvenient way.

[@gauravkanwasi7084]

You should have shown both PPP and GDP of brics nation.

[@AFTR2025]

Nah Ppp isn’t used

[@markwilson2992]

Great explanation. Weird people are complaining that everything was not covered. It's a 15 min video for Chrissakes. Also, I'm waiting to convert all my assets into a currency backed by the Yuan, Rupee, Peso, Rand etc. What could go wrong😂😂😂

[@MrJuliansnow]

I would like to see a video on common currency unions. It was hit on in part here where the BRICS countries would be using the RMB. Wouldn't they have the same issue for their individual economies if a country runs into an individual issue but can't change the interest rate on their currency?

[@thomasherrin6798]

They will all be trying to shaft each other, with China at the top, corruption is key!?!

[@billweberx]

The RMB can never be used as a reserve currency as China will never make their central bank transactions transparent.

[@recoil53]

@@billweberx India will also not accept it, with the border confrontations and the competition of manufacturing. No way they hand over leverage if they have any hope of being a power.

[@HH-le1vi]

RMB is for the Chinese population only. Yuan is their international currency and you can't turn RMB into Yuan. So that couldn't ever happen.

[@MrJuliansnow]

@@HH-le1vi Thanks for the clarification. I didn't know there was an internal and external currency (if I understood that correctly).

[@thebeautifulanimal]

10:01 what about India??? You just forgot to mention because it is one of the fastest growing economy 😅.... India is smart and not gonna fight with anyone

[@Hochspitz]

I am sure Ukraine didn't want to fight with anyone either. So as China keeps encroaching on your border, you are going to say, "We don't fight, so sure, come on in and take as much as you want"?

[@advancetotabletop5328]

Aren‘t they fighting Pakistan?And what about the India-China border dispute?

[@thebeautifulanimal]

@@Hochspitz what's your point here? India is not Ukraine and China is not Russia.... Do some research on geopolitics and economics before trying to become a comment troll. 🤡

[@akashpatel8410]

​@@Hochspitz expect unlike Ukraine we can nuke China 😂😂😂 and they can do same

[@roro4787]

@@Hochspitz first of all there won't be a war between India and China, both are large, stable and calm-minded cultures, we will never go to war. The skermishs in border is a problem but its solvable, the status quo is maintained from 40 years and we had a minor incident once. Which is unlikely to happen again

[@1981Frederick]

redundancy is great, but maybe you can't have both, at one point the IMF will way: "well, you don't use the USD anymore, you are already indebted to to Brics bank so no we will not lend you."

[@holychicin8738]

As a south African I think the name BRICS sound dope 😂🇿🇦

[@LevisH21]

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