I’ve followed the BRICS story for a while now, and the longer I watch, the more it seems everybody is arguing about different things. One camp says it’s the end of America. The other says it’s a joke, a talking shop with a nice logo. Hardly anyone asks the boring, obvious question: what do these countries actually want? I don’t mean what the summit statement says, because those get written by committee and sanded down until nobody objects. I don’t mean what we project onto them either, whether that’s hope or fear. I mean what a finance minister in one of these capitals wants when the cameras are off and she’s staring at a spreadsheet. So let’s start with what’s real. The dollar is fine for now. If someone tells you it’s about to collapse, check what they’re selling, because it’s usually a newsletter, a gold coin or a bunker. But it is slowly getting diluted, and that happens in small, dull ways. India pays for Russian oil in rupees. Brazil and China settle soybean deals in yuan. Centra...
I’ve been chewing on this for a few weeks. On the train, doing dishes, in meetings I should have been paying attention to. And I always end up in the same spot. We treat automation, remote work and the four-day week as three separate debates. Different conferences, different LinkedIn people, and somehow the same stock photo of a woman laughing at her laptop. But I think it’s one question, and it’s the one nobody likes to ask, because once it’s out you can’t take it back. What is work for? And who gets to decide? Automation first, since it’s the one everyone’s scared of and pretending not to be. You’ve heard the line: automation doesn’t replace jobs, it replaces tasks. It sounds reasonable. It looks great on a slide. I know a guy, I’ll call him M. Twelve years in a warehouse outside Columbus. He knew the place like his own kitchen. Which aisle had the oddly sized boxes, which scanner jammed every other day. Then the orange robots arrived and now they bring the shelves to him. He still h...