Season 1 · Episode 313
Should we be bricking it over BRICS?
What if the BRICs nations formed their own currency and focused on trading amongst themselves?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
August 24, 202234m 8s
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Show Notes
It seems the whole approach to global trade is being redrawn. Donald Trump wanted to do less trade with China before the pandemic, and now with the Ukraine invasion the west wants to do less – preferably nothing - with Russia. Hardly surprising then that the BRICs nations (Brazil, Russia, India, China, South Africa) are developing their own ecosystem that could see them trade less with the west, including developing their own trading currency to remove the reliance on the US dollar. Phil Dobbie talks to Steve Keen about the impact this would have on the West.
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