Dominant Social Theme: The BRICs are just great.
Free-Market Analysis: Jim O'Neill, the Goldman Sachs creator of the term "BRICs," wants to convince us that the BRICs are not only magnificent engines of growth and prosperity but also the future of finance and investment.
To this end, he attended the Telegraph's Festival of Business and spoke to reporters there. Telegraph journo Emma Rowley posted an article (excerpted above) on his views.
O'Neill wants to remind us that the future belongs to Brazil, China, Russia and India. These are the world's new and stronger powers. Here's more from the article:
The UK's economic potential depends far more on how businesses ride the growth coming from China and the rest of the world's newer economic powers, argued Mr O'Neill, chairman of Goldman Sachs Asset Management.