BRICS: The Ever Shifting Tectonic Plates and The New World Order
RIP Pax Americana
The king is dead, long live the king.
The end of the west is no longer conjecture.
It is here and fully upon us.
All week, the focus of the world has been the BRICS conference being held in South Africa. For those who don’t know, BRICS stands for Brazil, Russia, India, China and South Africa.
These are the emerging economies, which have a collective GDP higher than the G-7, which comprises, America, Britain, France, Italy, Canada, Germany and Japan.
In normal times, BRICS summits were never taken seriously by the mainstream press in Britain, given their preoccupation with all things western European and American.
But these aren’t normal times.
The American empire is on its last legs, having dined out on the strength and the rare privilege of having the dollar as the global reserve currency in 1945.
Players, who once would have baulked at the possibility of taking on the might of America, have shed their inhibitions, demonstrating the sort of boldness required to take the throne for themselves.
Hence the existence of BRICS.