[lbo-talk] The 'BRIC' countries as a new 'pole' in the global order - A bubble trade?

[Julio Huato]

DDR wrote:


> The developmental state is the gateway of 21st century
> socialism. This is the fundamental reality of contemporary
> geopolitics.

This is a very interesting idea.  Could you elaborate on it?

That countries like Venezuela or Russia are benefiting largely from
the cycle of commodity prices (amplified by the bubble and coming bust
of the commodity derivatives market) is true, but that doesn't apply
to China.