Why do Westerners hate the idea of BRICS so much ?
If western institutions and way of life are superior ,then capital will naturally gravitate towards them ..
replies(3):
Goldman Sachs coined the term BRICS. If the institution worked, we’d see Western finance rushing to join it.
Nobody hates BRICS. It’s just sort of pathetic. As a security consortium, it’s a failure. As a trade consortium, it’s a failure. It talks about a dollar alternative, yet when Russia needed one China and India reverted to their own currencies.
It’s a dumb idea that made sense when Russia could balance India and China. That balance has failed. There isn’t a unified global south.