Chinese President Xi Jinping on Wednesday called on BRICS countries to work for high quality development of greater BRICS cooperation, in a speech addressing the 16th BRICS Summit.
Related:
“Friends for Peace” Group on the Ukraine Crisis Set up in the United Nations
Meeting with journalists from BRICS countries • President of Russia
China’s hybrid “state capitalist” system, driven by centralized planning and fierce competition, has led to dominance in critical technological fields and emerging markets. Western multinational corporations are advised to adopt a pragmatic approach to capitalize on four key strengths of China’s economy: its innovation ecosystem, its investment in the Global South, its ultra-competitive markets, and its vast consumer base. Those who fail to engage risk losing global revenue and strategic opportunities.
The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies
Disclaimer: The views expressed herein are solely those of the author and may or may not reflect those of Ms. Cat’s Chronicles.
The downfall of capitalism will not come from the uprising of an impoverished working class but from the sabotage of a bored upper class. This was the view of the Austrian economist Joseph Schumpeter in 1942. Schumpeter believed that at some point in the future, an educated elite would have nothing left to struggle for and will instead start to struggle against the very system that they themselves live in.
Climate Activism Isn’t About the Planet. It’s About the Boredom of the Bourgeoisie | Opinion
Ms. Cat’s Chronicles 