Sunday, December 18, 2011

BRIC BOOMS - WEST DECLINES - What next?

Brazil, Russia, India, China or BRIC are in the midst of a rising tide of economic performance and expectations. That is not the whole story of course, Saudi Arabia and the UAE are also doing well but that is normal in the age of oil. Australia is doing well as her raw materials feed the ravenous appetite of India and China. There are many books available now on the new economic situation in the world and the extreme impact of the downturn in the USA and Europe. Below I have posted two clips from documentaries but watch them critically, some viewers may think that their position on the crisis too subjective. At the very least, Michael Moore's film dramatizes the situation in a way that all of us can grasp, but understanding? You need to read some articles and books for that and go ask Mr Cox! Tell him I sent you too!

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