> Pretty straightforward really. You combine Brazil's history of monetary stability, with Russia's respect for property rights, India's domestic tranquility, China's financial transparency, and South Africa's investment opportunities - and hey presto, you've got a new global money
Also, it is high time for the US Coastal Elites to realise that they're losing the game, and they're losing the game globally, so unless they change their strategy they're going to be in for a hard time in 10-15-20 years, because at some point the money will stop flowing in.
So over the last couple of years they’ve started decoupling from China/Russia and their entirely export oriented economies will collapse.
India will eventually have to stop fence sitting and either choose a side or have a side chosen for them. I don’t expect India to do the smart thing here either. They haven’t for the past half century.
I find it hilarious that the RIC of BRICS are all battling each other for territory. Chinese maps since Russia’s war on Ukraine have started renaming Eastern Russian territories to Chinese. India and China are battling for territory and fighting each other. If you’re in India importing anything from China is extremely difficult. The U.S. is currently trying to get a TikTok ban through but India banned TikTok and every other Chinese website years ago.
This is apparently the wonderfully strong hegemon that’s gonna threaten the west.
What a joke.
I couldn't find a reference for this. I could find a reference to a single island at their border that has been disputed for 30 years. All of these disputes have been ongoing for a long time.
The west has its fractures. US caught spying on Merkel. France's Macron has stated that he wants to diversify his ties to keep China included in trade relations. The west has been more unified in the last couple years because of the Ukraine War.
US and company are equally reliant on BRICS. Small shifts in balance can have ripple effects in the economies.