Comments by "Marvin Fine" (@torontovoice1) on "Patrick Boyle: Could China Ruin BRICS?" video.
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I completely disagree with the learned professor. You'll find that the productivity is based on people. Wrong! And even more going into the future, productivity will be based on machines. In fact Elon musk said, that at some point in time there will be no use for most workers. He was referring to truck drivers, and automated Driving systems for example. But the list goes on and on with process control equipment and shop floor automation. You won't need thousands of people to make cars anymore. Instead they'll be using robots, and engineers driving and managing these machines not people sitting on the end of an assembly line with an impact wrench, bolting in lug nuts into cars and the other mundane repetitive work. In fact, having a lot of people can be a liability. These people need to eat! And although you hear all kinds of people talking about pollution, the greatest polluters in the world are people. We eat, we digest food, we breathe oxygen, and the list goes on and on. If you want to add animals in there for meat consumption, the pollution goes up. Have you ever seen what a fish farm looks like? After a few years it's so polluted that they have to move it and it takes years to recover. I must respectfully disagree.
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And as far as brics is concerned, I do agree that it's a non-starter. It's basically a collection of countries that are left-wing, anti-establishment, engage in murder terrorism and other untoward activities. They are angry and disenfranchised that the West has imposed sanctions on them for clearly meritorious reasons, and they want to continue with especially in the case of Russia terrorism, invading sovereign countries such as Ukraine and Georgia, and selling weapons and sponsoring terrorist groups, sowing havoc all over the world. When Russia started selling oil to India, they were left with billions of rupees in Indian bank accounts. What are they going to do with them? Similarly, selling will to China they end up with rmb? These currencies are not readily convertible and for good reason. Bitcoin was outlawed in China, because they are afraid that all of the wealth would disappear. Much of it is, and whenever people are subjugated and feel that they're freedom is Lost, they want to leave. That's something that you at mermaid capitalist have endorsed many times citing the freedom index. I agree with that.
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