Prabhat Patnaik: Is BRICS the FUTURE of Global Economy?

Is BRICS the future of the global economy? Learn about the BRICS currency, de-dollarization, international trade, and the impact of China's communist movement on the global economic landscape in this thought-provoking video.
India's leading Marxist economist Prabhat Patnaik explains in this video his thoughts about rethinking the left movement worldwide.

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Timestamps:

00:00:00 Trailer and Intro
00:02:12 Dollar Hegemony
00:07:17 Relationship between Dollar and sanctions
00:10:15 Critique of WTO & international trade
00:14:30 Trade in Post-dollar economy
00:21:13 Dirigiste economy vs Neoliberal economy
00:30:00 Maoist time vs Post-Mao China
00:33:00 Do we need to export for growth?
00:36:46 Industrial or Agriculture policy for economic growth
00:40:17 Parameters for Economic development.
00:44:50 Global North under Neoliberalism
00:49:30 Successes and Failures of Communism in India.
00:56:42 How to build a left movement?

[IndiaGlobalLeft]

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[shubhamchande]

The brilliant idea by Prof. Patnaik of 5 Economic fundamental rights for every citizen of the country
1. Right to food
2. Right to free quality health care
3. Right to employment. If individual fails to get employment he is provided with a wage from government.
4. Right to old age pension.
5. Right to free quality education.

[rajeshvk]

It would have been better if this conversation was in a closed confined space ..
For better sound quality

[srghhh]

Production is soo nice, do more outdoor videos, young people love this shit. If we can conquer the youth's imagination, we win half the battle.

[m.rebman]

Another excellent Indian economist. These people need to be better known in the West. Good analysis of world trade and the dollar as international currency.

[patbyrneme]

The professor's fundamental economic rights is missing an absolutely key item: housing. Without adequate housing all other aspects of human life fail including health and education.
On the right to employment, the government should not pay wages to those who are unemployed. Rather it should employ those people in building infrastructure as well as in the host of other key tasks that are needed to advance society, the economy, services and living standards.

[hobbithole]

Another aspect is that socialistic countries are trading and not fighting

[philipganchev]

Fascinating insights and ideas! For example that free trade is not a foundation of a just world

[subhradeepchakraborty]

Prabhat Patnaik is a good Marxist.
BRICS arrangement can't challenge imperialism for imperialism doesn't care if the hegemon currency is a dollar or a yuan. Investments will move where there's more profit to be made that is the fastest growing economies. Even if capitalists leave the dollar that doesn't challenge capitalism. For there to be an international socialist world the surplus nations must pay their due, but even if the BRICS nations become big powers they won't care about deficit countries as long as there's capitalism, just how USA emerged as the only creditor nation post 2nd World war surpassing UK and others as the new power and then pushing Bretton woods to literally change the constitutions of wars destroyed Germany and Japan
Only International communism can create a just world
Laal Salam.

[Anway-NeverGiveUp]

India needs revolution in Science and Technological sectors, Industrial sectors, Green Energy sectors, Agro Engineering Sectors & buisness sectors which would be driven by Scientifically advanced and innovative scientific political philosophy, by the virtue of which there would be continuous Growth and Innovation of economy where there would be development of market growth and market share where people would be economically, socially, democratically, scientifically & culturally developed.

[pardeeptandon]

Deng Xiaoping had famously said it does not matter if the cat is white or black as long as it catches mice.

[gorgeoushammer]

great interview but the recording was not good .

[antonyfrancis]

Too many audio distractions. Chirping birds and other external noise.

[JasonBeatrice-gv]

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[Gman]

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[gamer-ffmh]

Prabhat Patnaik is truly Dharmik person. Shri Krishna and Prophet Muhammad both used an agricultural based strategy because (1) that was the strength of the poorer regions (and it is still so today) (2) the entire empire of the richer regions was based on running deficits and supporting those by surpluses extracted from agricultural countries.
I am aware of his various statements on Sanskrit etc but those are erudite and mainly well intentioned. I am not a leftist, more of a follower of Vinoba Bhave. Leftists have a real deep compassion for the poor, and they go through great periods of penance, which is one of the reasons they have sustained in areas with big opposition. This penance is similar to the penance Vinobaji went through for the downtrodden, or which Jesus or our Warkari saints suffered through. This is a dharmic pursuit though an atheist one. Infact in today's time, atheism is a better dharmic route than a religious one

[m.rebman]

Too many ads. Have these only at the beginning, and end of interviews… random interruptions discourage listeners unable to join your patreon channel.

[danilocaleffo]

It's almost impossible to hear what the professor is saying.

[masterhooleful]

Very interesting but I can't understand a lot of what is being said and therefore lose too much context. Your guest needed to speak slower. English is my first and only language.

[saikatbhattacharya]

Free trade and market economy are fundamental parts of socialism.
Planning and command pricing can also be used by socialism.
It's wrong to think socialisation of production happens within factory only, it happens through market as well.