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Jörg Haas's avatar

Hi Branko, I find a lot of what you post interesting and enlightening. But this post is implausible. If the - by far - biggest member of the BRICS is part of the new cold war constellation, and another big one engaged in a hot war of aggression and annexation in blatant violation of the UN charter, how can the BRICS really be at their core be a reincarnation of non-aligned countries.

I think they are largely a grouping of countries worried about the dominance of the US and Europe in global economic and financial affairs, about the weaponisation of the USD, and they are seeking to protect their economic sovereignty from that dominance by pooling resources and creating their own financial ecosystem.

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钟建英's avatar

I do think there is a commonality, which is a mutual commitment to global development, something which the UN, World Bank, IMF, WTO, etc we’re supposed to focus on, but failed to do (due in part to ideological capitalist baggage). The is a great need for infrastructure and social investment in the Global South, which the existing international financial system has been unable to fund on a long-term basis at a reasonable cost of funds. I hope BRICS can create institutions which will do what the Workd Bank and IMF has failed to do.

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