Same story as the one you posted. Here’s a neat sum up:
Some members like China are seeking to build up Brics as a counterweight to western blocs like the G7 or G20, although there is division within the group. On Tuesday Brazil’s president, Luiz Inácio Lula da Silva, said it wasn’t the group’s aim to compete with western institutions. India’s leadership, which has an often fractious relationship with China, is also hesitant over empowering Beijing through Brics.
yes, too many countries with too many disparate interests. The Indians don’t trust the Chinese, the Russians and the Chinese also have some serious beef under the surface and would easily stab the other in the back when given an opportune moment. India and Russia have been buddy buddy for a while, but that seems to come and go. it’s not clear exactly how they can benefit one another, India was happy to get a cheap deal on oil for a little while but as the article above clearly shows, it’s not a good deal for Russia. there’s no real win-win there, it’s more one sided and parasitic rather than mutually beneficial. I’m still not sure exactly how Brazil fits into the picture, other than that they provide a lot of soy to China. Same with South Africa, I really have no idea how they fit into the picture either.
Argentina, Egypt, Ethiopia, Iran, the U.A.E. and Saudi Arabia have been invited to join the club of emerging nations, strengthening its role as a geopolitical alternative to Western-led forums
It’s an interesting mix Largely authoritarian but not exclusively.
Iran and KSA have been a fighting proxy war across the Middle East for decades.
Some rich countries and some poor, are any of these up and coming economies or economic powerhouses?
What’s the unifying factor here?
And anyways, OK now it is bigger, but so what? What do they coordinate on? What’s the point? Still seems like a lot of talk and no action, but now there are more people talking and consensus seems less likely.
Maybe. I don’t know how much Argentina or Ethiopia really care about that. Or the UAE.
At least the US doesn’t have to keep Patriot missile batteries and other assests in the ME to protect Saudi Arabia from Iran? China can replace the US as the Egyptian military’s main financier?
Maybe they were just all sads because they weren’t invited to the cool kids’ club. So they made their own club. I don’t know, I still feel a nothingburger…
I think they all want in on what we have going economically and militarily but their systems are too corrupt or broken or whatever. BRICS is every other ultimate fighting championship outside of the UFC. They can make money doing but their way but they’ll never be on our level. The shitty kids in Dodgeball chose up their team first.
BRICS is trying to convince everybody it’s a “non- or anti-West geopolitical alternative to U.S. hegemony,” said Andreas Kluth at Bloomberg. “But they’re not, and never will be.” Since the end of the Cold War’s “bipolar world,” a “dizzying array of blocs” has emerged. Africa has the African Union, of course, but also Comesa, Ecca, Ecowas, and more. Latin American has “SICA, Caricom, Mercosur, and what not.” BRICS does boast something like 42% of the world’s population, but next to the other groups the BRICS nations “arguably have the least in common, aside from a dislike of U.S. clout in global finance, economics and geopolitics.” There’s little chance this hodge-podge of “three democracies in different stages of backsliding and two increasingly repressive autocracies” will ever be able to cooperate as well as the G7, “a club of rich liberal democracies with a shared sense of custodianship for the world economy.”
What a load of shite—Palestine ahead of Israel? Yeah, ok. What Commies put together such a Marxist ranking? Ah academics and NGOs judging from the Wikipedia link. Not surprised in the least.
I really don’t get it. These new countries are so random. If you would have asked me to guess which ones would be joining I would have gone 0/6.
The only ones that makes sense is probably UAE and Saudis but they joined with Iran?
The entire point of BRICS, at least when I learned about this in school, was they’re up and coming economies with a lot of potential. But as I’ve said before, BRICS hasn’t been relevant since it’s inception and the hype of these places have been underwhelming besides China.
Since BRICS was formed in 2010, the economic performance of the members has been mixed: most of the consistent growth has been due to China and India, as in recent years Russia has been hit by sanctions and both Brazil and South Africa have seen political instability that has hampered their economies.
But as the rifts between China, Russia and the United States deepen, the bloc has been increasingly looking to act as a counterweight to the West.
Hilarious. Delusional. But money has to move around or it’s no good, apparently.
And this
Trade imbalances are also a problem, Herbert Poenisch, a senior fellow at Zhejiang University, wrote in a blog for think-tank OMFIF.
“All BRICS member countries have China as their main trading partner and little trade with each other.”
PZ is brutal on the Argentines… lol… “they’re not really anti US dollar, they’re anti having to pay their debts back and are looking to mooch off the Chinese until they suck 'em dry.”