Japan’s economy unexpectedly slipped into recession after shrinking for a second quarter due to anemic domestic demand, prompting some central bank watchers to push back bets on when the nation’s negative interest rate policy will end.
BRICS control most of the commodities and manufacturing at this point, and US dollar is becoming increasingly irrelevant in terms of trade. Energy markets are a particularly big aspect of all this given that aside from US, G7 nations don’t have a reliable supply of energy of their own. This is a big part of why we’re seeing recessions happening all over the western world. On the flip side, China is doing massive investment into developing countries helping them build out their infrastructure and raise the standard of living. This will result in a lot of economic growth down the road as western economies continue to contract.
Western economic model has been fundamentally built on the exploitation of the Global South. Now the former colonies are shaking off the west. What we’re seeing happening in Africa is just a start of a bigger trend going forward, and that spells doom for current western regimes.
BRICS control most of the commodities and manufacturing at this point, and US dollar is becoming increasingly irrelevant in terms of trade. Energy markets are a particularly big aspect of all this given that aside from US, G7 nations don’t have a reliable supply of energy of their own. This is a big part of why we’re seeing recessions happening all over the western world. On the flip side, China is doing massive investment into developing countries helping them build out their infrastructure and raise the standard of living. This will result in a lot of economic growth down the road as western economies continue to contract.
Western economic model has been fundamentally built on the exploitation of the Global South. Now the former colonies are shaking off the west. What we’re seeing happening in Africa is just a start of a bigger trend going forward, and that spells doom for current western regimes.