Nah, a coconut pulverized their lib brain before making this post.
The House of the Spirits has characters that fit this description to a tee. The book was written by Isabel Allende, a cousin of Salvador Allende, and is a stylized retelling of life through the transition in Chilean politics post-colonialism through Salvador Allende to Pinochet.
The book ends with the character and narrator Alba saying that, despite previously organizing for Allende's socialist party, and getting raped by the military coup forces after, she will not seek vengeance on those who have injured her, choosing to believe in the hope that one day the human cycle of hate and revenge will be broken.
Yes, let me lie down and let myself get run over by capitalists because then maybe they won't also run over my children.
Because of her simplistic writing on 'cycle of violence bad' while ignoring Marxist analysis, Isabel Allende seems to be a darling in liberal circles. Obama gave her a Presidential Medal of Freedom.
DPRK Explained's videos are great! He talks about North Korea like a normal, regular country. The North Korean music he finds (posted on DPRK Explained Music) are always quite relaxing.
I believe he has successfully changed his stance to be more critical of Israel: https://youtu.be/_OlKGD0_19E
Efficiency depends on the actual cost of the ledger to the users, not just the energy costs. The decentralized BRICS ledger will only cost the participating nations servers and energy, which on the nation-level is practically negligible. The current U.S. system requires a percentage cost per transaction from all nations who have to send their money to a U.S. intermediary bank.
This means that overall, the BRICS decentralized system will actually cost participating nations much less than the current US system, not counting the other benefits of not relying on the USA. Calculations covered by Ben Norton here project 15 billion USD in savings from not paying the US transaction fees.
It's the power of socialism!
This is a sort of chicken-and-egg problem. Oil-producing nations don't want to join the BRICS financial system if the benefits and usage of the new system are not better than the current system. This wasn't an issue with the first US-created system because no international financial system existed before.
That's why BRICS is courting Saudi Arabia as a member, and will definitely have Iran join eventually. Having Russia, one of the world's largest oil producers, as a member definitely helps this along. Russia, China, and Brazil combined already produce more oil than the USA.
- Please see my post above on why blockchain is useful in this one specific instance.
- Rather than being reluctant, China is trialing this already via Project mBridge with central banks of Thailand, the United Arab Emirates, and Saudi Arabia. Another term for a multi-nation-backed blockchain system is a multiple central bank digital currency (CBDC) system, so that's basically what it is.
Please take the effort to understand blockchain before immediately denouncing it. It is useful in extremely specific conditions of low trust between a low number of equal peers. The one special thing about blockchain is that all users keep a ledger, a record of all transactions, and cross-verify it with one another.
In most scenarios, this feature is completely useless and a waste of energy because all users have to spend electricity on verifying random transactions by other people. For example, with you and your bank account, there is no reason to use blockchain because your bank is the one trusted entity and already keeps all the records of your money, so they can just use regular server infrastructure for all their customers. Using blockchain here would be unnecessary; if you did, you, your bank, and all the bank's other customers would waste energy verifying each other's transactions.
However, for transactions between nations, there is no one trusted entity because all nations are essentially equal in their trust level, or at least would like to be treated as such. The main problem with the current financial system is that the US has positioned itself (and its puppet the IMF) as the one trusted entity and wields its power indiscriminately and with abandon. Thus to fix this, BRICS must ensure there is no need for one trusted entity in the global financial system, so this is where blockchain comes in.
Basically, the BRICS plan is for every participating nation's central bank to keep a blockchain ledger, such that when they settle debts and do global transactions between each other, all of the transactions are recorded and verified on every other nation's central bank blockchain ledgers, so that no one nation can insert a bunch of fake transactions into its ledger to steal money from or attack other nations. Because there are way fewer nations than people in the world, the system physically cannot suffer from the same kind of blockchain inefficiencies of too many users verifying too many transactions simply because there will never be as many users making transactions on the blockchain. Also, because BRIC's blockchain system is backed and used by nations, the entire system will obviously have much higher security than a random blockchain made by some scammer in their garage.
No matter the inefficiencies of blockchain, the BRICS blockchain system is vastly more efficient than the current financial system of every nation sending their money to a US bank, paying the US bank a transaction fee, and then the US bank sending it to the final destination nation.
Ben Norton made a great video overviewing the comprehensive new financial system Russia is proposing here.
This paragraph is hilarious:
This programme is cogent as a national strategy, but unfriendly to financial investors. The emphasis on investment means that supply will always run ahead of demand, leading to deflationary pressure, which is bad for corporate profits. Even the favoured high-tech sectors face intense competition that will erode margins.
In normal language: According to western economists, investing in manufacturing is bad because it decreases prices (as goods become easier and faster to manufacture) and increases competition (due to more goods being made), making price gouging harder.
This is a textbook case of the falling rate of profit due to capital investment.
Good stuff. This video raised a debate on r/TheDeprogram over GDF'S supposed 'antisemitism' based on his comment section.
I don't really see anything particularly antisemitic with the video though. GDF's overall argument is that, while today the USA wholeheartedly backs Israel because the relationship is mutually beneficial, early in Israel's existence this was much murkier. Thus there was a need for the Zionist lobby to forcefully align US interests with those of Israel.
Now this is fucking praxis.