What is BRICS' Global Agenda ?

 BRICS is putting together the world's biggest balance of power mechanism to date.

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By now we all know who was the ‘godfather’ of BRICS. In 2001 as chief economist at Goldman Sachs, Jim O’Neill used the acronym BRIC in a research paper. At the time, grouping together Brazil, Russia, India and China made a lot of sense, as Western capitals were eager to invest in faster-growing developing economies. 

The launch of BRICS unfortunately coincided with the launch of America’s Athenian-styled informal empire, which aimed to become the sole global hegemon economically, politically and militarily. 

Such hubristic ambitions greatly alarmed most emerging economic powerhouses, like China and Brazil, as well as India and Russia. Two decades later, BRICS’ combined share of global GDP is already higher than that of the G7 nations. The US, the leader of G7 , has these days a share of only 16 percent of global GDP, a far cry from the 50 percent it enjoyed back in 1945. 

Undaunted, the Americans are willing to risk an all-out war with the leading members of BRICS, China and Russia, in the hope of clinging to the self-appointed position of global hegemon. With this objective in mind, the US is dragging along both G7 and the members of the NATO alliance, a fact which actually elevates the importance of BRICS even more, according to the same Jim O’Neill:

“I think if I go right back to my initial paper, I cannot believe how narrow-minded or naïve leaders in the G7 countries are. The whole idea that this group of seven “industrialised” or “more developed” or “earlier developed” countries can run the world is embarrassing. Because, first of all, their share of the world GDP has declined. Japan’s not shown any net increase in its GDP for 20 years. Italy virtually never grows. So, this idea that they are some kind of thing for the whole world to follow is erroneous.

And then on top of it, G7 is effectively a hostage to whatever Washington wants. So how do you solve the mammoth global issues of our time with just those guys ? I mean, it’s embarrassing and that’s quite depressing, because the whole reason why I created the BRICS was to suggest we needed a better form of global governance than the G7.” (interview in African Business, June 1st, 2023)

After more than 20 years, from an economic grouping meant to rival the G7, BRICS morphed into an alliance of countries determined to thwart, in any way possible, the US’ drive for global hegemony. 

Not too many experts are clear about this, and quite possibly not even most BRICS members realise the fact that they actually helped put together a classic, European-style balance of power mechanism, meant to contain and defeat America’s global leadership ambitions.

Sure, there are many differences and even frictions among the leading BRICS countries. These, however, do not interfere with the main item on the 

BRICS’ agenda, namely that of stopping American hegemonism in its tracks. 

This is the key to understanding why more than 20 countries on all continents have expressed a desire to join the group at the recent BRICS summit in Johannesburg. Tired of being bullied by the US and to have their sovereignty diminished, these aspiring countries have decided to side with the BRICS in its quest to contain and defeat America’s hegemonic designs. 

To be sure, the size of this balance of power mechanism put together by BRICS under own eyes is unprecedented as far as size goes and is global in scope, as well. It includes not only Russia and China – the world’s largest and the world’s most populous countries, but also leading countries from Africa and South America. 

With its great economic and human resources , BRICS is fully able - economically and militarily - to tilt the balance in favour of developing countries for good, and thus put a stop to the absurd hegemonic ambitions of the US and its Western allies.

On the G8 and NATO

 In the spring of 1997 during my lobbying activity to foreign chancelleries, I was very preoccupied with the need to create an appropriate institutional framework for the transition from a bipolar to a multipolar world. American neoconservatives and NATO had other plans, however. If they wanted Russia as an enemy, well ... now they got it.

In the spring of 1997, I came up with the idea of ​​recommending to the Clinton administration the inclusion of Russia in the G7, a proposal that was accepted by the Americans. Thus, in June 1997 the G7 became G8 with Russia as a member.

My geopolitical suggestion was based on solid economic reasons, but also on the fact that Russia felt immense frustration with its international status after the disappearance of the bipolar world. Between 1995 and 1997 I participated in a series of international conferences organized by EuroForum or IBC (two London companies) in Bucharest, Prague and London on the transition of Eastern European states to a market economy and the necessary reforms. On those occasions, I was able to see the dissatisfaction of the Russians with the way this process was evolving in their country, but also with the uncertain status of the new Russia internationally.

Unfortunately  at the time , the West had not yet framed a coherent post-1989 foreign policy, so as to give the Russians the feeling that they had not become a third-hand power, as many US or EU political actors would have liked. The fact that my proposal was accepted proves that at that time the Clinton administration had not yet come to be dominated by neoconservatives, the artisans behind American unipolarity, that was inaugurated by President GW Bush after the 2001 terrorist attack.

In the end, Russia was arbitrarily reduced - at the instigation of the neoconservatives - to the status of a big state with an oil pump ( Nina Khrushcheva ) and was removed from the G8 in 2014, after it annexed the Crimean peninsula.

In the summer of 1997, I also sent a lobby letter to then-US Secretary of State Madeleine Albright in support of Romania's NATO membership. My motivation was by no means anti-Russian. At that time, the country was in a dire economic situation, failing to attract - like the Czech Republic, Hungary or Poland - foreign investors to take over large bankrupt companies in Romania. It was only years later that I realised that the military goal of the alliance had really become that of encircling Russia, and it never crossed my mind in 1997 that NATO would accept the Baltic states in 2004 as members of the alliance. ..

Certainly at that time, I did not grasp that I was trying to gain Romania's accession to a politico-military alliance, NATO, which would become responsible two decades later for the outbreak of hostilities heralding World War III, because this is the phase which we are all in after the events of 2014 in Ukraine. Mea maxima culpa !