...what dreams will it dream?
In my profession, people often ask me if there is hope for the future.
Yes, there is hope -- but not from the US political overclass or US ruling elites.
This week, the forex reserves of the BRICs (Brazil, Russia, India, China) increased to a total of $3.22 trillion. This isn't some speculative stock position -- this is cold, hard cash.
Historically, the 42% of humanity comprising the BRIC nations have been ravaged by centuries of colonialism and neocolonialism, as well as titanic world wars and the ruinous burden of Cold War military expenditures.
But today, thanks to their own sweat, labor, and sheer determination, they have colossal sums of money at their disposal, the power to "control and mold the world to do your wishing" as Ice-T rapped nearly two decades ago on the title track of Power.
All the signs are that the BRICs have no intention of paying Wall Street rentiers a dime for managing these funds (sorry, Squidsters, you'll have to make do heatmapping gullible US consumers).
Instead, the BRICs have decided to invest in humanity's egalitarian future, not its imperial past.
I didn't think it would happen for another 12-15 years, but it's happening anyway.
And that is a powerful reason to hope.
No comments:
Post a Comment