> Pretty straightforward really. You combine Brazil's history of monetary stability, with Russia's respect for property rights, India's domestic tranquility, China's financial transparency, and South Africa's investment opportunities - and hey presto, you've got a new global money
It’s a few hundred character Tweet that has been reproduced fully. You don’t even need to know the author to assess the contents of the tweet.
Frum took an accurate view IMHO.
Unless you think that property rights (and window incidents) in Russia are not a problem, or that China already has good transparency in their economy… Do you think those things?
The individual countries should be taken seriously. Which western countries finally have started doing over the last couple of years. The watershed moment was Russia’s attack on Ukraine. It finally dispensed with the neocon idea that they could spread free market democracies in Russia and China by simply trading with them.