> 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
It’s a few hundred character Tweet that has been reproduced fully. You don’t even need to know the author to assess the contents of the tweet.
Again, which claim is incorrect?
> Brazil's history of monetary stability
Does Brazil have a history of monetary stability?
> Russia's respect for property rights
Does Russia have respect for property rights?
> India's domestic tranquility
Is India’s domestic affairs tranquil?
> China's financial transparency
Are Chinese finances transparent?
> South Africa's investment opportunities
Does South Africa have great investment opportunities?
One could argue much of this really matters when it comes to economic growth for individual countries. But all these properties certainly matter when it comes to forming an economic alliance across nations.
Which is why BRICS has been almost completely worthless and to the extent these countries have had any effect together it’s through bilateral agreements.
That doesn't mean BRICS has achieved lots. It does mean that his snide comment has no merit with respect to saying anything about BRICS whatsoever.