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Cryptocurrency News Articles

The BRICS: Towards a New World Order

Nov 04, 2024 at 03:05 pm

The BRICS have just completed their summit in Kazan, in an explosive geopolitical context. Between the war in Ukraine, conflict in the Middle East, and American

The BRICS: Towards a New World Order

The BRICS summit in Kazan unfolded against a backdrop of geopolitical volatility, with the war in Ukraine, Middle Eastern conflicts, and the American presidential election all vying for attention. Yet, amidst this turbulence, the BRICS quietly asserted themselves as an alternative to the United States.

BRICS vs America

The BRICS are not merely an economic alliance; they embody a radical civilizational project towards a multipolar world order, breaking away from Western hegemony. This vision, championed by Russia and China, offers a global alternative to the liberal democracy model.

The BRICS are forging the core of a new revolutionary ideology to reorganize humanity on different foundations: neither Western, Protestant, capitalist, nor liberal. This project could take 30 to 40 years to fully materialize.

Russia appears at the forefront of this transformation. Foreign Minister Lavrov recently approved the creation of a center for multipolarity studies, signaling the country’s deep commitment.

China, more cautious but equally determined, develops its own vision of multipolarity, tailored to its national interests.

The BRICS want to kill the dollar

Several major initiatives are underway towards de-dollarization. At the heart of this transformation lies the ambitious project of a new common reserve currency for member countries.

In parallel, the BRICS are actively developing alternative payment systems aimed at replacing the Western SWIFT system.

The New Development Bank, based in Shanghai, is also undergoing a profound structural reform. The establishment of the BRICS Pay system is another major initiative aimed at facilitating international transactions between member countries.

The exchanges between Russia and China perfectly illustrate this evolution, with a gradual abandonment of the dollar in their bilateral transactions.

A difficult transition?

The shift to a new global economic system faces considerable obstacles.深くこの変革に抵抗を示している。

A colossal effort of persuasion is necessary with business leaders to convince them of the advantages of a new global financial architecture.

The establishment of new financial infrastructures also poses major technical challenges. The historical weight of the Bretton Woods system, in place for nearly eight decades, does not facilitate this transition.

Africa: the center of gravity of the BRICS

The African continent is emerging as a major player in this global reconfiguration. The accession of Ethiopia and Egypt, followed by the candidacies of Nigeria, Zimbabwe and other countries, reflects a new phase of decolonization.

Ethiopia occupies a special place in this movement. Never colonized, it symbolizes African pride and resistance against Western powers. Its Christian tradition makes it an important cultural bridge between the various civilizations of the continent.

The African continent sees in the BRICS a historic opportunity for transformation. The emancipation from Western influence is a fundamental first objective for these nations.

Nigeria stands out as a central player in this dynamic. Its rich Yoruba culture and considerable demographic weight grant it a special status. The country has the natural resources and human capital necessary to become a major pole in this new global configuration.

The crucial role of Turkey

The potential entry of Turkey into the BRICS marks an unprecedented historic turning point. For the first time, a NATO member country is actively seeking to join this alternative alliance.

Erdogan’s choice reflects a particularly complex and ambitious Eurasian strategy. Maintaining ties with NATO remains a priority for Ankara, which simultaneously cultivates privileged relations with Russia, China, and India.

This unique position allows Turkey to position itself as an essential pivot power between the West and the East.

The Turkish decision faces considerable internal resistance. The Turkish establishment, of which more than 90% remain deeply attached to the country’s Atlantic orientation, expresses its reluctance.

Economic elites continue to favor historical ties with the European Union, fearing the consequences of a too radical alliance shift.

Turkish society itself is marked by a constant tension between its traditional aspirations and its desire for modernization.

The Middle East in transformation

The conflict in Gaza has profoundly disrupted regional dynamics in the Middle East.

The normalization process between Israel and Saudi Arabia harshly interrupted in the face of escalating violence.

The ambitious project of the l2U2 corridor, intended to connect India to Europe via the Middle East, is now being questioned.

In light of this situation, several Arab countries have begun to turn towards the BRICS, seeing in them a credible alternative to Western influence.

The Saudi kingdom, under the leadership of Prince Mohammed bin Salman, pursues a particularly complex balancing act.

The country constantly oscillates between its desire to join the BRICS and the necessity to preserve its historic alliance with the United States.

Saudi society itself is undergoing a profound transformation, seeking to reconcile the modernization imperatives desired by MBS with the weight of Wahhabi tradition.

The decisive role of Brazil within the BRICS

The future Brazilian presidency of the BRICS in 2025 is set to be a decisive moment for the organization. The country has considerable diplomatic capital in Africa, the result of decades of cooperation and cultural exchanges.

The deep ties that unite Brazil to the African continent, particularly through the heritage of Afro

News source:www.cointribune.com

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