posted on Jun, 12 2012 @ 02:53 AM
There is none of the above, at least in the concept that they exist separately as an entity in their own little bubble. They represent a general
grouping, yes, but that is it. Economics and politics works largely on a global scale these days. Our finances and economies are intricately
intertwined, and it's time that people start accepting that.
If the West goes, certain parts of Africa, India, China, etc. are going to be suffering from a sudden and major lack of demand for their exports. No,
they don't have the domestic demand to be able to make up for that, and, yes, they definitely do
have a fairly large bit of dependency upon the
West for their economic activity.
If the PIIGS go, you're going to find that Europe is right down the tubes. Following the money, you'll also find that it was the PIIGS's
"irresponsibility" and such that had a sizable roll in the prosperity in the countries that are now calling them names. I.E. Germany can call names
all it wants, but it was a ravenous buying by the PIIGS of its exports that has helped Germany maintain its good position.
There is no West, no BRICS, no PIIGS. Our finances, our credit markets, our economies...everything is intertwined. If one link in the chain goes,
we're all screwed, and nobody
is going to get out unscathed.
edit on 12-6-2012 by AnIntellectualRedneck because: (no reason
edit on 12-6-2012 by AnIntellectualRedneck because: (no reason given)