BRICS an upcoming super alliance

[mapuc]

So far this organization consist of Brazil, Russia, India, China and South Africa, Iran and some more. The are many more countries who want to join this organization. Turkey is also interested in becoming a member

Soon we will see an alliance who is bigger in everything-Money, military and population.

Can't remember the numbers it was provided in the news yesterday. Where they talked about the summit in Kazan.

Markus

[Dargo]

So far this organization consist of Brazil, Russia, India, China and South Africa, Iran and some more. The are many more countries who want to join this organization. Turkey is also interested in becoming a member

Soon we will see an alliance who is bigger in everything-Money, military and population.

Can't remember the numbers it was provided in the news yesterday. Where they talked about the summit in Kazan.

MarkusFirst get rid of "super". Bigger? Not really, this collocation has more problems to solve than us more grifter countries, Brazil Turkey India South Africa will not go away from the dollar. Turkey and India are countries operates in both sides and will never leave the West. And is there really anyone thinking they can unite the global south? Even when they were our colonies, they were not profitable I wish BRICS all good luck with them, good riddance.

[Jimbuna]

The next wave of expansion came at the 2023 BRICS summit, with invitations extended to six newcomers: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE). All accepted except Argentina, after its newly elected President Javier Milei pledged to turn the country in a pro-West direction, saying that it would not “ally with communists.” Saudi Arabia has reportedly accepted the membership, but has delayed officially joining without giving detailed further explanation.

[mapuc]

Alright maybe using the word super was to much.

The alliance will be a factor towards NATO and EU.

Yes some of these members are also pro-West.

Substitut the Dollars and Euros-With their own currency ?

I can very well see this alliance create their own common currency as a counterweight to Dollars and Euros

Most important-I'm not looking at the development of BRICS today or tomorrow-I'm looking at it 10-15 years from now.

Markus

[Jimbuna]

I think it unwise to get into cahoots with any country led by a dictator.

[Skybird]

BRICS represents ~32-36% of the global GDP, G20 ~80-85%, G7 ~30-45%.

BRICS represents 44-45% of the global population, G20 64%, G7 10%.

BRICS emits ~40% of global CO2, G20 78-80%, G7 ~23%.


Another ~40 countries have further expressed interest for membership in BRICS.

Note that some states are members in several organizations, thats why the %-numbers do not add up for 100%, but exceed it. The wider ranges given are indeed intentional, since sources vary drastically, depending on whom you refer to and what ideological camp he sides with. I am surprised by how much effect this bias seems to have.

Russia and China are drivng the agenda, but Russia currently finds it difficult to dominate it as much as it intends. Several countries have an interest to jump off the dollar regime.

Conclusion: BRICS is powerful enough that only a fool would not take it as a serious multidimensional challenge. Mocking it is premature.

[mapuc]

It will become more powerful when all or most of these 40 countries joint BRICS.

I could well imagine entire Africa and South America joining BRICS.

Markus

[Dargo]

It will become more powerful when all or most of these 40 countries joint BRICS.

I could well imagine entire Africa and South America joining BRICS.

MarkusThere is not even unity in the founding countries of BRICS do not see power when 40 join with their own views.

Russian tensions expose fault lines in South Africa’s unity government (https://www.ft.com/content/7100174c-0e8f-4806-b483-75ce1de049d9)In the past week, clashes over the three most contentious foreign policy issues — Russia, China and Israel — have exposed deep ideological rifts between the African National Congress and the Democratic Alliance, South Africa’s second-largest party and deepened fears that the coalition of 10 parties may not survive a full five-year term.
The BRICS countries are politically divided. Russia, China and Iran form an anti-Western bloc, while countries like India, Brazil, South Africa and Egypt seek more of a middle ground and certainly want to build relations with the West. It is easier to create an organisation like BRICS than to give it substance. The idea that those countries would start using alternative currencies, which might then be the Chinese yuan, since China has the strongest economy in the group, is not widely accepted. In fact, the yuan cannot fulfil that role today either.

For one thing, that currency is not fully convertible. It is not freely traded on financial markets, there are restrictions attached to it. Moreover, China's central bank operates less independently than the US one, and this is something Russia should really be concerned about. There is a risk that China may want to devalue its currency to promote its own exports, but in doing so it would also immediately bring down the value of Russia's financial reserves. Russia then becomes dependent on Beijing's monetary policy, whose political independence is questionable to say the least anyway. If you depend on foreign currency, which you always end up being, you run the risk of things happening that are out of your control. Except that the risk of the Chinese government interfering in what the central bank does is much higher than it is in America. A politically motivated devaluation is a lot more unthinkable there. And on top of that, the dollar is a particularly strong currency because the US economy is proving so resilient. That is why that currency plays such a central role in the global economy. Putin has already implicitly hinted that he is aware of the risks of that situation, but there is simply no alternative in the short term. The war in Ukraine is considered by Russia to be of crucial strategic importance. To wage that war, Moscow is willing to make concessions. But the war will one day come to an end, and then that dependency will really fray.

Russia attaches great importance to its own strategic autonomy, which allows it to pursue an independent foreign policy. The country sees itself as a superpower on par with China and the US, the three that together rule the world. Moscow does not consider itself a vassal of China, but in reality it is increasingly becoming one. In the ideal scenario, it could balance politically between China and Europe, which are by nature its two main economic partners. You can see this reflected in Russian policy papers as well. What Moscow would like to achieve in the near future is a restoration of economic and political ties with Europe. A normalisation with America is not seen as realistic. In fact, this goes back to an old Russian idea from the Cold War: that one could strengthen ties with Europe to pry it loose from the US sphere of interest. The Eastern Bloc was much more coherent. The Soviet Union was in charge and the satellite states were kept pretty strictly under its thumb. That coherence is completely missing from BRICS, and that is its big problem. It is not clear who is in charge and whether you can run such an organisation without a clear hierarchy between the countries. There is also the question of the extent to which those countries align economically. Russia and China do, because the former is a supplier of raw materials and the latter a major industrial power that needs those raw materials. However, this is much less the case with other countries. Above all, Russia wants to show that it is not isolated in the world but part of the ‘global majority’, by which it means the non-Western countries. But of course, this is mostly symbolic. Whether it also has geopolitical and economic value is an open question.

[Aktungbby]

/\ BOTTOM LINE: The havenots just want what the haves have; and are willing to kill, rape, and plunder their way to accomplishing those ends?? The hypocracy of utilizing some form of percieved political or "my god is better than your god" superiority verisimilitude remains extant. Americans & Spaniards did it to Indians. Germans did it to to Jews & Namibians; Britain, in its prime, did it to wherever the 'sun never set on the Empire'; Cro-magnons did it to Neanderthals, Sun Tsu oriented Chinese:x, currently, do it to Tibetian & Urghars with Taiwan pending...Romans did it to all the Barbarians....etc. :hmmm:... the 21st century is proving to be as bad as the previous 4 milleniums...AI not withstanding...and probably aiding and abetting the slaughter with no enlightenment in sight. IE: humanity is still "thick as BRICS".:dead:

[ET2SN]

I would agree with Dargo. :yep:

You have to look at each nation and figure how much profit they make from exports and divide that by how much they spend on imports. If that number is less than 1, they are in no position to conquer the planet. :O:

[mapuc]

You seem to look at BRICS today and tomorrow-None of us know how powerful or not the organization will be in 10-15 years from now.

Maybe Dargo is right and it will due to much disagreement among the member states collapse within the next 10 years. It could also be an EU-kind of cooperation.

Markus