this post was submitted on 03 Aug 2023
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[–] SeaJ@lemm.ee 3 points 1 year ago

BRICS is a bit of a joke outside of China and India. The other countries are all extractive economies that are highly dependent on commodity prices. That has largely led to those countries being economic basket cases. Venezuela would be the worst of that by far. Chavez took a middling economy and destroyed it. Maduro was keen to carry the torch afterward.