As usual, the New York Times got it exactly wrong. A March 11 feature article headlined “China Has Tools to Help Russia’s Economy. None Are Big Enough To Save It,” chortled that China might want to help Russia in this time of all-out sanctions, but “There is just one big problem: money. Specifically, China’s money.”
Lyndon LaRouche, on the other hand, got it right. “Money is stupid,” LaRouche repeatedly specified, and in any properly run system is used merely as the servant of the growth of the physical-economy.
A quick glance at some basics of the Russian and Chinese economies ought to be enough to wipe the smirk of the New York Times’s face – all the more so if one also considers the Indian economy, a natural ally of the first two to develop an alternative to the imploding trans-Atlantic system, as LaRouche long specified.
Using figures for 2020, Russia, India and China (RIC) together had a population of 2.9 billion, which is 38% of the world total of 7.8 billion people. Here are the numbers for selected essential products:
WHEAT (mmt)
Russia 85
India 108
China 134
RIC 327 (43% world total)
OIL (mbpd)
Russia 9.9
India 0.6
China 3.9
RIC 14.4 (16% world total)
NATURAL GAS (bcm)
Russia 705
India 27
China 195
RIC 927 (23% world total)
COAL (mmt)
Russia 400
