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Yogthos

China and Brazil have reached an agreement to ditch the US Dollar for trade, and trade in their own currencies instead.

barrons.com/news/china-brazil-

30 Mar 2023 at 1:23 | Open on mas.to
4 comments
ditto desempregado

@yogthos that is amazing news, im hopeful that this blooms into a nice industrialization programe in the future

30 Mar 2023 at 1:29 | Open on mastodon.com.br
Cykonot

@yogthos this is what happens when capitalists aren't allowed to understand their own system: they build their capital in other countries lmao

30 Mar 2023 at 1:29 | Open on mas.to
Yogthos

@cykonot I think there is an insidious logic behind that actually. If you spread industry globally without any one country having everything they need then you're creating a web of dependence. A country can't just kick you out and nationalize your assets when the assets aren't even in the country.

China obviously understood this and never followed mass privatization model that west has been pushing.

30 Mar 2023 at 1:59 | Open on mas.to
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