Self criticism is a Good Thing. It’s usually kinder than the external version, and you get a chance to revise your argument.
So what to make of the mea culpa in the Financial Times from Jim O’Neill – the man self-credited with coining the BRIC (Brazil, Russia, India and China) acronym back in 2001. Does he succeed in his mea recta?
Back then he argued that:
“since these countries were likely to continue their striking gross domestic product growth over the next decade, we urgently needed them to play a bigger role in global governance.”