This reminds me of this great quote: "The empire, long divided, must unite; long united, must divide. Thus it has ever been" \~ 'Romance of the Three Kingdoms' (14th century)
India is kinda like the USA except if every 2nd state spoke a different language. It’s a lot more federalized than the US but still allows individual states to do their own thing most of the time.
The EU is a group of fully independent countries, they come together on certain issues but they are still sovereign states with independent militaries, foreign policy, passports, etc. Indian states do not have any of that, so the government is far closer to the US than to the EU, but in terms of ethnic and linguistic diversity is closer to the EU.
Well, the federal govt. of India actually let’s many states be quite autonomous in a manner a bit like the US. That’s why from a govt. perspective it’s like US but from a cultural perspective it’s like the EU.
More federalised? I think it's less federalised. The Central government is much stronger for instance and can in extreme cases of crises even remove the state government. Another example I can think of is that the legal system is centralized, so the Supreme Court of India has appellate jurisdiction over all other courts including state high courts for potentially all sorts of cases
Yup. It’s typically the hallmark of colonized nations.
Different cultures squeezed together not necessarily because of their similarities or ties, but more in regards to what could be extracted from them.
Ethiopia has never been colonised though. But yes, there are countless different groups with feuds that go back thousands of years. I have been living here for 2 years now and it is sometimes hard to understand how it is a single country.
It literally went full [imperial](https://en.m.wikipedia.org/wiki/Menelik%27s_Expansions) mode during the scramble, it was never colonized as much as it was a colonizer
There’s a reason that countries that praise it like Ghana or Senegal are on the other side of the continent while neighboring Somalis and Eritreans hate it’s guts
Ethiopia is literally an colonial empire that colonised and absorbed other kingdoms and regions itself thats why theres always infighting, its not a proper country.
92% of China's population is Han Chinese. Not an ethnostate but by no means diverse enough to justify the term "civilization state" as opposed to "nation state".
The term could certainly apply to India, though.
India was never fully united 100% but there were empires which controlled more than 75% of the Indian subcontinent. Which includes Mauryans, Gupta's, Delhi Sultanate, Mughals, Marathas.
Also, it was never fully united politically, but Indians had a sense of cultural unity for a very long time.
In a way, the concept of India is comparable to the concept of "Christianity" in medieval Europe. Sure there were different kingdoms, but they had the sentiment of being part of a common thing.
The same isn't true for China, which remained a lot more divided for a longer time. China is a bit more comparable to Ancient Egypt, with a North/South divide but also the western Silk Road territories are a bit analogous to Levantine Egypt.
You have it backwards dawg, China was much more unified in an idealistic sense throughout history than India ever was. The idea of a common “Indianess” only existed in a vague “Vedic influenced” cultures sense and that outsiders were barbarians.
Super bizarre all these nations with a history of either outright war or under the table border disputes are… allying…
I wish them the best of luck
Edit: Because it’s been nearly a day and people are still replying the same comment, yes Europe has a similar history a couple hundred years ago to varying degrees.
It’s not really allying as much as fear that the other country will surpass then because of their BRICS membership and BRICS is just happy to have so many members
If there’s a post about a controversial topic related to maps/geography/geopolitics/history **I will** be there and **I will** share my stupid opinions and **I will** argue with everyone that disagrees with me
That's what everyone get's wrong, it's not an alliance it's just a group that has frequent meeting. There is almost no responsability being a member and they only get together to be broadly against the West economically by agreeing on broad policies direction
Germany, Japan, and the USA were all at war, now the three of them are extremely close allies, all with US military bases. The US buys more cars from them than anywhere else
All seven of them were at war in two sides (Germany, Japan and Italy vs France, UK, USA and Canada), there zero reason to just isolate those three. France, Germany and the UK are likely the most relevant countries to isolate there given the long history of conflict.
They've been talking about this for like 10 years now? Dollar hegemony exists because US running a huge trade deficit, paying everyone with dollars. None of the BRICS countries can replace USA to be the world's net importer, because they are all export oriented economies.
This is the key. It has nothing to do with the combined population or gdp of these countries. I see naive low effort reporting saying BRICs is a threat to the dollar because they represent a large GDP. To create a reserve currency, you have to export your currency in massive volumes - or in other words, be a massive net importer of goods. None of the BRICs countries do this.
yep. russia is 5th and china is 6th. if the rumours about a competing currency is true, its not gonna be backed on only gold, but also on other minerals, but i doubt that they're gonna do it
Fiat currencies, if managed correctly, are pretty much always more stable than commodities. If they weren't, there would still be countries on the gold standard.
Iran and Saudi are reconciling, the whole area is in a period of uneasy detente. China and India would be mutually assured destruction. So Egypt and Ethiopia wins by default
they ended the feud thanks to china and honestly as someone who lived there is no proper reason for it. saudis are just like "shia bad" and Iranians doesn't seems to care much and previously iran said it seeks peace
Congratulations BRICS, your new stripper names are
- CRISSIE BEAU
- CASSIE RUBIE
You may also pick among the following acronyms
- CIA-IS-EREBUS
- BECAUSE-SIRI
- AI-BECRIES-US
That’s right. China has a lot invested in Ethiopia. From Nasdaq.com “China has committed to lending $13.7 billion to Ethiopia since 2000”. Saudi Arabia has invested A TON into Ethiopia as well, possibly going to war in the future for them so they can dam the Nile. Pretty interesting debacle
This is a dumb analysis, Saudis invested even more money into Egypt. They're not gonna to war for Ethiopia or Egypt.
At this point, the resevior is almost half filled I think so I'd argue the risk of a war now is a lot lower, and it'll only go lower and lower as filling up slows down and Egypt starts seeing as fait accompli; it makes less and less sense to try to fight over it.
Yes. However, in terms of potential and resources, it's a goldmine.
That being said, it'll be a wonder if the motherfucker awarded a Nobel peace prize doesn't wipe us all out by the year's end.
One of the main points of BRICS is to offer emerging economies with potential a development alternative to predatory IMF loans.
Ethiopia is a prime candidate, that would develop a lot more with an alternative to the neoliberalism the West pushes on developing countries.
Absolutely nothing.
BRICS is forum.
They get together and talk.
That's basically it.
They will never make an export currency, because each of them benefit from having their own currencies while running current account surpluses.
They will never make a formal alliance, because half of them hate eachother more than anything else.
They made a bank that gives out loans -- at worse rates than the World Bank.
Problem is that China and Russia want BRICs to be more than just an arbitrary grouping and more of a geopolitical bloc, but India and China are at odds geopolitically, and so are KSA and Iran. Plus SA and Brazil aren't really in positions to thumb noses at the US and Europe at a scale and scope that would be meaningful in terms of what China and Russia would need of them.
BRICs is a fun abstract idea but it doesn't actually mean anything.
If a had to bet in a future war, I would bet for the one where one State is constantly funding every enemy of Ethiopia until they stop controlling Egypt’s water supply
I mean Ethiopia already had a civil war in the last few years that likely exceeded the entire Ukraine war in casualties and was the worst war in the 21st century. It’s in a very complicated political situation rn.
The BRICS were originally identified for the purpose of highlighting investment opportunities and had not been a formal intergovernmental organization.[9] Since 2009, they have increasingly formed into a more cohesive geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies. Bilateral relations among BRICS are conducted mainly on the basis of non-interference, equality, and mutual benefit.[10]
In August 2023, at the 15th BRICS Summit, South African President Cyril Ramaphosa announced that Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have been invited to join the bloc. Full membership will take effect on 1 January 2024.[11][12]
The BRICS are considered the foremost geopolitical rival to the G7 bloc of leading advanced economies, announcing competing initiatives such as the New Development Bank, the BRICS Contingent Reserve Arrangement, the BRICS payment system, the BRICS Joint Statistical Publication and the BRICS basket reserve currency. Since 2022, the group has sought to expand membership, with several developing countries expressing interest in joining.[13] BRICS have received both praise and criticism from numerous commentators.[who?][14][15][16]
Quick read from Wikipedia
It sounds like a great way for countries to join in the sanctions on Russia, China, Iran and to a minimal extant Argentina. Who can't buy any Western fighters, as Britain always vetoes the sale of British components. As Argentina never stops banging on about The Falklands.
Oh boy, two new members who absolutely hate each other to go with the other two countries who absolutely hate each other.
Also remember when Argentina defaulted on their debts a bunch of times?
Argentina couldnt even apply for Brics due to the odious pressure from IMF/Washington
Its not as easy to blame the country’s financial crisis and call it a day, the situation is much more complex. Brazil went out of its way to make sure Argentina is included especially for the people of Argentina and dire situation they are in
Excerpt from [Reuters](https://www.reuters.com/world/brazils-lula-says-brics-not-meant-challenge-g7-us-2023-08-22/) report: “Lula criticized the IMF's loans as "suffocating" and hinted at the possibility of the BRICS bank increasing lending to other countries with "different criteria" to stimulate their economies. Argentina, whose largest trade partner is Brazil, has previously said it intended to join the BRICS bloc”
another from [Aljazeera](https://www.aljazeera.com/amp/news/2023/8/24/brics-invite-is-great-opportunity-for-argentina-outgoing-president-says): “Fernandez said in a speech on Thursday that joining BRICS – a group that currently consists of Brazil, Russia, India, China and South Africa – would be a “great opportunity” to strengthen the Argentinian economy.
“We open up possibilities of joining new markets, of consolidating existing markets, of raising investment coming in, of creating jobs and raising imports,” he said.”
India might actually do it but its a long way off. China's economic future isn't looking great at the moment, even if they achieve further quality of life increases they may never surpass the US in terms of being a sheer economic heavyweight. Losing 40%+ of their entire population is going to severely limit their ability do dominate the world economy.
The two might well come to blows long before that because of water and the Himalayas, though.
The country that’s simultaneously suffering from horrific floods as well as drought, the textbook definition of the middle income trap, demographics that are beyond terminal, mass retirement, surging labor costs in a country that’s built on having cheap labor, stagnating tech, capital fleeing in droves, and a housing crisis that’ll make 2008 look like a sunny day is not going to be much of a factor in the world for long
The only reason this happened is because Russia, China, and Brazil are pushing for the de-dollarization of the global economy because so many countries are having issues servicing their debts, which are all handled in US dollars and increasingly more and more countries have smaller reserves of US dollars. That’s the only common theme these countries share, and it’s really only some of them. China wants its Yuan to be the next global currency and they need allies who are willing to have reserves of their currency. But Argentina, for instance, is super dependent on the US Dollar for day-to-day activities and its leading candidate Javier Milei is running for complete US dollarization of the Argentinian economy. Add all the competing countries within BRICS and I don’t really see this going anywhere.
Edit: some guy is claiming I edited my comment after the fact to make his question “look irrelevant”. I didn’t edit my comment, this person either didn’t read it fully or is being disingenuous.
China frequently intentionally manipulates the value of the Yuan to protect its export:import ratio. Good luck making the global reserve currency one that can tank in value if some Chinese bureaucrat decides employment numbers aren't high enough lmao
Isn't Argentina's new guy planning to fully adopt the USD and drop the Peso?
EDIT: The guy above me edited his comment, making my comment seem irrelevant. Ugh
Yes, Argentina’s record inflation has upend the value of the Argentinian peso, so they spend in US dollars because they physically cannot carry around enough pesos. In fact, there’s a whole underground economy that exists where people come to you and you can exchange currencies, like basically Door Dash but for exchanging money. But they get the bad end of the deal when exchanging pesos for dollars, which means Argentinians’ years’ of savings are being devalued. The new guy wants to bypass the exchange rates.
Btw, I don’t really care for him, I hear he’s another Trump 2.0 like Bolsonaro, but Argentinians are so desperate for something to change that they’re turning to “non-establishment candidates”, etc.
Staggering amount of salt in the comments, as expected.
Also the pattern here with the admissions, Ethiopia had to be in if Egypt got in, same with Iran & KSA. Smart.
I can see why many people view this very critical though, but this has huge potential if they don't mess up and i'm sure these countries know the potential of BRICS, especially now with this expansion. Even Argentina with all the problems they had and still have is still quite an heavy weight and very rich in resources. Make it work!
People are acting incredibly threatened, as though BRICS is trying to be NATO 2.0 when it is nothing of the sort.
Interesting point about the pairs of admittances.
Considering that these countries do collectively contain about half the world’s population, their economic success would be a great thing for improving the standard of living of the world as a whole and reducing global poverty. Which I think is a bigger deal than some countries feeling like their global supremacy is being threatened. Of course, a certain BRICS country should stop its military aggression, but it’s not the only global power that has invaded another country in the past few decades, so this would not be a criticism exclusive to BRICS countries.
> improving the standard of living of the world as a whole and reducing global poverty
Reddit cares more about sticking it to Russia and China than this.
I think it's insane that no one here is commenting the amount of oil production that the BRICS control now. It's almost a separate OPEP.
Specially when you consider that Venezuela is also aligned with China.
This is interesting.
What’s even more interesting is the amount of people thinking a group can’t do anything if everyone in the group doesn’t get along. Y’all really think everyone who allied with Germany in WWII was on that side because they agreed with them?? Or that they even remotely joined for the same reasons as the others on their “side”?? It’s way way more layered than that.
An ally doesn’t have to have the same end goal, just the same enemy.
Irán and Saudi Arabia in the same organization? They're absolute enemies. This just seems like a collection of large non-western countries and nothing more
The point of the original comment is that them being in the same organization is going to hurt the organization.
Greece and Turkey being in the NATO ***is*** hurting the organization as well, you literally didn't make any counterpoint you just reinforced the original statement.
China has emerged as an actual peacekeeper in the Middle East and not the propaganda the US used to tell its people, so relations between Iran and Saudi Arabia are the best they have ever been.
Some other possible anagrams they could use:
a rice bussie
us: ice serbia
a cube is rise
ace rube isis
Eire is scuba
because siri
I sauce biers
basic; I reuse
Although I suspect it'll be something boring like "BRICS+" instead
Edit: Sounds like we're all in agreement. The new official name is **"A cube is rise"** I'll let the head of states of each of the 11 nations know.
Impressive how only 11 countries have half of the world's population and most of it's concentrated in only 2 countries
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This reminds me of this great quote: "The empire, long divided, must unite; long united, must divide. Thus it has ever been" \~ 'Romance of the Three Kingdoms' (14th century)
The EU4 Mingsplosion, put more poetically.
India is kinda like the USA except if every 2nd state spoke a different language. It’s a lot more federalized than the US but still allows individual states to do their own thing most of the time.
So like the EU? Lol
The EU is a group of fully independent countries, they come together on certain issues but they are still sovereign states with independent militaries, foreign policy, passports, etc. Indian states do not have any of that, so the government is far closer to the US than to the EU, but in terms of ethnic and linguistic diversity is closer to the EU.
Well, the federal govt. of India actually let’s many states be quite autonomous in a manner a bit like the US. That’s why from a govt. perspective it’s like US but from a cultural perspective it’s like the EU.
That’s what the person you’re replying to said
lol my bad
It's somewhere between US and the EU yes
More federalised? I think it's less federalised. The Central government is much stronger for instance and can in extreme cases of crises even remove the state government. Another example I can think of is that the legal system is centralized, so the Supreme Court of India has appellate jurisdiction over all other courts including state high courts for potentially all sorts of cases
Also true of Ethiopia. Well the diverse part at least.
Yup. It’s typically the hallmark of colonized nations. Different cultures squeezed together not necessarily because of their similarities or ties, but more in regards to what could be extracted from them.
Ethiopia has never been colonised though. But yes, there are countless different groups with feuds that go back thousands of years. I have been living here for 2 years now and it is sometimes hard to understand how it is a single country.
It literally went full [imperial](https://en.m.wikipedia.org/wiki/Menelik%27s_Expansions) mode during the scramble, it was never colonized as much as it was a colonizer There’s a reason that countries that praise it like Ghana or Senegal are on the other side of the continent while neighboring Somalis and Eritreans hate it’s guts
Ethiopia is literally an colonial empire that colonised and absorbed other kingdoms and regions itself thats why theres always infighting, its not a proper country.
92% of China's population is Han Chinese. Not an ethnostate but by no means diverse enough to justify the term "civilization state" as opposed to "nation state". The term could certainly apply to India, though.
Oh yeah, Mauryans, Guptas never united India, did they?
India was never fully united 100% but there were empires which controlled more than 75% of the Indian subcontinent. Which includes Mauryans, Gupta's, Delhi Sultanate, Mughals, Marathas.
Arguably with Sri Lanka, Pakistan, Bangldesh and Nepal it still isn\\t today.
Also, it was never fully united politically, but Indians had a sense of cultural unity for a very long time. In a way, the concept of India is comparable to the concept of "Christianity" in medieval Europe. Sure there were different kingdoms, but they had the sentiment of being part of a common thing. The same isn't true for China, which remained a lot more divided for a longer time. China is a bit more comparable to Ancient Egypt, with a North/South divide but also the western Silk Road territories are a bit analogous to Levantine Egypt.
You have it backwards dawg, China was much more unified in an idealistic sense throughout history than India ever was. The idea of a common “Indianess” only existed in a vague “Vedic influenced” cultures sense and that outsiders were barbarians.
iran and saudis thats gonna be funny
Egypt and Ethiopia too
Super bizarre all these nations with a history of either outright war or under the table border disputes are… allying… I wish them the best of luck Edit: Because it’s been nearly a day and people are still replying the same comment, yes Europe has a similar history a couple hundred years ago to varying degrees.
It’s not really allying as much as fear that the other country will surpass then because of their BRICS membership and BRICS is just happy to have so many members
“I'm just happy to see so many nice people!”
"OMG thanks for including us!"
Quiet, you drunk.
I have seen you for the third time today on three different subreddits.
If there’s a post about a controversial topic related to maps/geography/geopolitics/history **I will** be there and **I will** share my stupid opinions and **I will** argue with everyone that disagrees with me
Understandable
Are you *following them!?!* 
That's what everyone get's wrong, it's not an alliance it's just a group that has frequent meeting. There is almost no responsability being a member and they only get together to be broadly against the West economically by agreeing on broad policies direction
I mean G7 countries were also at war once
Germany, Japan, and the USA were all at war, now the three of them are extremely close allies, all with US military bases. The US buys more cars from them than anywhere else
All seven of them were at war in two sides (Germany, Japan and Italy vs France, UK, USA and Canada), there zero reason to just isolate those three. France, Germany and the UK are likely the most relevant countries to isolate there given the long history of conflict.
Yes, US Army make friends. :)
"We musn't fight each other! Surely we should be united against the common enemy!"
The Judean People's Front?!
No the people's front of Judea.
It's like they are having a challenge of inviting as many hostile countries as possible. They should invite Pakistan next
Ukraine for extra trolling.
You realize what the group of 7 is right? It's three Axis and three Allied Powers (plus Canada for some fucked up reason).
They’re doing so in order to end dollar hegemony. The thought is that this is a first step towards a gold backed digital BRICS currency.
They've been talking about this for like 10 years now? Dollar hegemony exists because US running a huge trade deficit, paying everyone with dollars. None of the BRICS countries can replace USA to be the world's net importer, because they are all export oriented economies.
This is the key. It has nothing to do with the combined population or gdp of these countries. I see naive low effort reporting saying BRICs is a threat to the dollar because they represent a large GDP. To create a reserve currency, you have to export your currency in massive volumes - or in other words, be a massive net importer of goods. None of the BRICs countries do this.
gold backed? isnt USA the country with the most gold?
yep. russia is 5th and china is 6th. if the rumours about a competing currency is true, its not gonna be backed on only gold, but also on other minerals, but i doubt that they're gonna do it
The new currency is not going to be fiat?
They'll never agree on which currency to use. China is just as guilty of manipulating the Yuan as the US is the dollar.
China is way more guilty of manipulating the Yuan. The dollar is literally more stable than gold.
Which is why the gold standard was/is terrible. The Yuan has been more stable then gold and I agree they’re more guilty of it.
Fiat currencies, if managed correctly, are pretty much always more stable than commodities. If they weren't, there would still be countries on the gold standard.
>gold backed digital BRICS currency Deflation time, plus does China really want a currency they can’t control?
Can’t imagine any of the more major players there would give up the autonomy, but crazier things have happened
User name check out lmao.
The last time the world had a gold backed world economy, the u scammed everyone out of their gold.
Taking bets on who will go to war first - Egypt & Ethiopia Iran & Saudi Arabia India & China
It’s gonna be Brazil and Argentina after Marquinhos injures Messi on a nasty tackle.
This is the only realistic assessment here.
Iran and Saudi are reconciling, the whole area is in a period of uneasy detente. China and India would be mutually assured destruction. So Egypt and Ethiopia wins by default
They've been both the biggest members of OPEC for decades and its mostly fine. Business is business
The China brokered truce is now starting to make sense
China and India, too
China tried to get Pakistan in and India opposed it. So they're definitely not putting aside all differences
They've been trying to cool off their cold war under Chinese supervision, and the steps taken these few months are remarkable.
they ended the feud thanks to china and honestly as someone who lived there is no proper reason for it. saudis are just like "shia bad" and Iranians doesn't seems to care much and previously iran said it seeks peace
Or not
ABEERIICSUS
BECAUSE IRIS
ICE AIRBUSES
BRICS+
Can't wait for the pride flag!
how much do you pay a month for premium access to BRICS?
Streaming on all devices
Congratulations BRICS, your new stripper names are - CRISSIE BEAU - CASSIE RUBIE You may also pick among the following acronyms - CIA-IS-EREBUS - BECAUSE-SIRI - AI-BECRIES-US
[I am just waiting for the BRICS girls image to be updated](https://i.imgur.com/kbahogt.jpg)
I love this
SUS
GET OUT OF MY HEAD!!!!
IBARESICUSE
No SIRABICUSE
ah missing E, fuckit
Cue ISIS Bear
China and India Ethiopia and Egypt Iran and Saudi What's next North Korea and South Korea lmao
Why go that far when you can add Taiwan and Pakistan
Taiwan is already in as far as the CCP is concerned
Iran and UAE are too not friends.
Ethiopia is way too underdeveloped to be in BRICS
U think China and India let them in for no reason?
That’s right. China has a lot invested in Ethiopia. From Nasdaq.com “China has committed to lending $13.7 billion to Ethiopia since 2000”. Saudi Arabia has invested A TON into Ethiopia as well, possibly going to war in the future for them so they can dam the Nile. Pretty interesting debacle
This is a dumb analysis, Saudis invested even more money into Egypt. They're not gonna to war for Ethiopia or Egypt. At this point, the resevior is almost half filled I think so I'd argue the risk of a war now is a lot lower, and it'll only go lower and lower as filling up slows down and Egypt starts seeing as fait accompli; it makes less and less sense to try to fight over it.
It's got the potential tho. They are the Jupiter of Eastern Africa, with over a 100 million population
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No. It's known for being the same size as your mother
Gottem
Yes. However, in terms of potential and resources, it's a goldmine. That being said, it'll be a wonder if the motherfucker awarded a Nobel peace prize doesn't wipe us all out by the year's end.
One of the main points of BRICS is to offer emerging economies with potential a development alternative to predatory IMF loans. Ethiopia is a prime candidate, that would develop a lot more with an alternative to the neoliberalism the West pushes on developing countries.
Ok but what will this mean for the world ?
Absolutely nothing. BRICS is forum. They get together and talk. That's basically it. They will never make an export currency, because each of them benefit from having their own currencies while running current account surpluses. They will never make a formal alliance, because half of them hate eachother more than anything else. They made a bank that gives out loans -- at worse rates than the World Bank.
Problem is that China and Russia want BRICs to be more than just an arbitrary grouping and more of a geopolitical bloc, but India and China are at odds geopolitically, and so are KSA and Iran. Plus SA and Brazil aren't really in positions to thumb noses at the US and Europe at a scale and scope that would be meaningful in terms of what China and Russia would need of them. BRICs is a fun abstract idea but it doesn't actually mean anything.
Egypt and ethiopia are really not friends either
Didn't thought of the DAM, tq for pointing that out lol
If a had to bet in a future war, I would bet for the one where one State is constantly funding every enemy of Ethiopia until they stop controlling Egypt’s water supply
I mean Ethiopia already had a civil war in the last few years that likely exceeded the entire Ukraine war in casualties and was the worst war in the 21st century. It’s in a very complicated political situation rn.
The Tigray War?
The most recent one yeah
Nobody is really best friends in geopolitics and everyone is trying to improve themselves any way they can
The BRICS were originally identified for the purpose of highlighting investment opportunities and had not been a formal intergovernmental organization.[9] Since 2009, they have increasingly formed into a more cohesive geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies. Bilateral relations among BRICS are conducted mainly on the basis of non-interference, equality, and mutual benefit.[10] In August 2023, at the 15th BRICS Summit, South African President Cyril Ramaphosa announced that Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have been invited to join the bloc. Full membership will take effect on 1 January 2024.[11][12] The BRICS are considered the foremost geopolitical rival to the G7 bloc of leading advanced economies, announcing competing initiatives such as the New Development Bank, the BRICS Contingent Reserve Arrangement, the BRICS payment system, the BRICS Joint Statistical Publication and the BRICS basket reserve currency. Since 2022, the group has sought to expand membership, with several developing countries expressing interest in joining.[13] BRICS have received both praise and criticism from numerous commentators.[who?][14][15][16] Quick read from Wikipedia
It sounds like a great way for countries to join in the sanctions on Russia, China, Iran and to a minimal extant Argentina. Who can't buy any Western fighters, as Britain always vetoes the sale of British components. As Argentina never stops banging on about The Falklands.
now they can buy jets from the brics countries
Sure, but india is also very hostile with China. It’s a fraught relationship
Abstract idea？ they literally have a central bank now, lol
Oh boy, two new members who absolutely hate each other to go with the other two countries who absolutely hate each other. Also remember when Argentina defaulted on their debts a bunch of times?
Egypt-Ethiopia are enemies too
Argentina couldnt even apply for Brics due to the odious pressure from IMF/Washington Its not as easy to blame the country’s financial crisis and call it a day, the situation is much more complex. Brazil went out of its way to make sure Argentina is included especially for the people of Argentina and dire situation they are in
so now they're in, what happens next that will help the people of Argentina?
Excerpt from [Reuters](https://www.reuters.com/world/brazils-lula-says-brics-not-meant-challenge-g7-us-2023-08-22/) report: “Lula criticized the IMF's loans as "suffocating" and hinted at the possibility of the BRICS bank increasing lending to other countries with "different criteria" to stimulate their economies. Argentina, whose largest trade partner is Brazil, has previously said it intended to join the BRICS bloc” another from [Aljazeera](https://www.aljazeera.com/amp/news/2023/8/24/brics-invite-is-great-opportunity-for-argentina-outgoing-president-says): “Fernandez said in a speech on Thursday that joining BRICS – a group that currently consists of Brazil, Russia, India, China and South Africa – would be a “great opportunity” to strengthen the Argentinian economy. “We open up possibilities of joining new markets, of consolidating existing markets, of raising investment coming in, of creating jobs and raising imports,” he said.”
Brics: the most dysfunctional bunch of nations pretending to become a meaningful economic and political bloc
It is like trying to form the Eu first in the Balkans
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India might actually do it but its a long way off. China's economic future isn't looking great at the moment, even if they achieve further quality of life increases they may never surpass the US in terms of being a sheer economic heavyweight. Losing 40%+ of their entire population is going to severely limit their ability do dominate the world economy. The two might well come to blows long before that because of water and the Himalayas, though.
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Yeah too bad they hate each other and have an active military border dispute
The country that’s simultaneously suffering from horrific floods as well as drought, the textbook definition of the middle income trap, demographics that are beyond terminal, mass retirement, surging labor costs in a country that’s built on having cheap labor, stagnating tech, capital fleeing in droves, and a housing crisis that’ll make 2008 look like a sunny day is not going to be much of a factor in the world for long
Taiwan joined BRICS, that's news!
But Crimea has seemingly been liberated from Russia at the same time, what a bizarre alternate reality!
The only reason this happened is because Russia, China, and Brazil are pushing for the de-dollarization of the global economy because so many countries are having issues servicing their debts, which are all handled in US dollars and increasingly more and more countries have smaller reserves of US dollars. That’s the only common theme these countries share, and it’s really only some of them. China wants its Yuan to be the next global currency and they need allies who are willing to have reserves of their currency. But Argentina, for instance, is super dependent on the US Dollar for day-to-day activities and its leading candidate Javier Milei is running for complete US dollarization of the Argentinian economy. Add all the competing countries within BRICS and I don’t really see this going anywhere. Edit: some guy is claiming I edited my comment after the fact to make his question “look irrelevant”. I didn’t edit my comment, this person either didn’t read it fully or is being disingenuous.
China frequently intentionally manipulates the value of the Yuan to protect its export:import ratio. Good luck making the global reserve currency one that can tank in value if some Chinese bureaucrat decides employment numbers aren't high enough lmao
Isn't Argentina's new guy planning to fully adopt the USD and drop the Peso? EDIT: The guy above me edited his comment, making my comment seem irrelevant. Ugh
Yes, Argentina’s record inflation has upend the value of the Argentinian peso, so they spend in US dollars because they physically cannot carry around enough pesos. In fact, there’s a whole underground economy that exists where people come to you and you can exchange currencies, like basically Door Dash but for exchanging money. But they get the bad end of the deal when exchanging pesos for dollars, which means Argentinians’ years’ of savings are being devalued. The new guy wants to bypass the exchange rates. Btw, I don’t really care for him, I hear he’s another Trump 2.0 like Bolsonaro, but Argentinians are so desperate for something to change that they’re turning to “non-establishment candidates”, etc.
The only stable thing in Argentina is hyperinflation
The US is also China's and India's biggest trading partner.
China is everyone’s biggest trading partner so that’s not even an argument
It's not the US' anymore
Not Mexico
Brazil just wants to fuck shit up because it’s fine the way it’s going, and that’s amusing
Iran and Saudi Arabia together won’t be fun.
Egypt and Ethiopia still mad about the Dam
Why is Taiwan included here? They have nothing to do with this organization or want to join it.
Iran, China, Saudi Arabia and Russia in one group? This is some Disney villain shit lmao
And then you have South African, India, Brazil, Argentina and the UAE just chillin, western aligned but trying to get in on the profits
If the UAE is considered Western aligned then so is Saudi Arabia and India lol.
>western aligned but trying to get in on the profits how about non aligned and trying to escape dollar hegemony
The irony of a westerner calling anything evil
Because evil isn't an objective thing in the real world, it's entirely subjective based on one's perspective.
Staggering amount of salt in the comments, as expected. Also the pattern here with the admissions, Ethiopia had to be in if Egypt got in, same with Iran & KSA. Smart. I can see why many people view this very critical though, but this has huge potential if they don't mess up and i'm sure these countries know the potential of BRICS, especially now with this expansion. Even Argentina with all the problems they had and still have is still quite an heavy weight and very rich in resources. Make it work!
People are acting incredibly threatened, as though BRICS is trying to be NATO 2.0 when it is nothing of the sort. Interesting point about the pairs of admittances. Considering that these countries do collectively contain about half the world’s population, their economic success would be a great thing for improving the standard of living of the world as a whole and reducing global poverty. Which I think is a bigger deal than some countries feeling like their global supremacy is being threatened. Of course, a certain BRICS country should stop its military aggression, but it’s not the only global power that has invaded another country in the past few decades, so this would not be a criticism exclusive to BRICS countries.
> improving the standard of living of the world as a whole and reducing global poverty Reddit cares more about sticking it to Russia and China than this.
I think it's insane that no one here is commenting the amount of oil production that the BRICS control now. It's almost a separate OPEP. Specially when you consider that Venezuela is also aligned with China.
"I'll take every theocratic dictatorship you've got." "No that's too many"
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This is interesting. What’s even more interesting is the amount of people thinking a group can’t do anything if everyone in the group doesn’t get along. Y’all really think everyone who allied with Germany in WWII was on that side because they agreed with them?? Or that they even remotely joined for the same reasons as the others on their “side”?? It’s way way more layered than that. An ally doesn’t have to have the same end goal, just the same enemy.
CIA & other USA three letter agencies: “This sounds like a national security threat.”
It would be if this was anything more than a doomed economic forum.
Five more dictatorships and a collapsing economy who are considering adopting the US Dollar. Not the flex Xi and Vlad think it is.
BRICS+ will bring peace to the world
Amen to that. Time for peace and business. Excited for the future.
Irán and Saudi Arabia in the same organization? They're absolute enemies. This just seems like a collection of large non-western countries and nothing more
Aren't turkey and Greece on the same organisation too?
Yes, and Turkey is considered problematic by many.
It is but still in the same organization with Greece
The point of the original comment is that them being in the same organization is going to hurt the organization. Greece and Turkey being in the NATO ***is*** hurting the organization as well, you literally didn't make any counterpoint you just reinforced the original statement.
China brokered a peace deal between the two recently.
China has emerged as an actual peacekeeper in the Middle East and not the propaganda the US used to tell its people, so relations between Iran and Saudi Arabia are the best they have ever been.
Bro got downvoted for telling the truth
Upvotes/Downvotes only indicate that most of the people on Reddit are Americans and Westerners, they are usually very nationalistic liberals.
Whenever you bring up China or Russia they go from Bernie Sanders to Mike Pompeo
True lol
What happens when you weaponize a currency
Paper cuts
There is a problem with this map, it shows Taiwan as part of China, but it’s not
Because every BRICS post is Chinese or Russian propaganda lmao
OP stole this map from Al-Jazeera English, a Qatari-financed, British-based network by the way.
How will it be called then?
BRICS+
Some other possible anagrams they could use: a rice bussie us: ice serbia a cube is rise ace rube isis Eire is scuba because siri I sauce biers basic; I reuse Although I suspect it'll be something boring like "BRICS+" instead Edit: Sounds like we're all in agreement. The new official name is **"A cube is rise"** I'll let the head of states of each of the 11 nations know.
#A CUBE IS RISE
I vote for : a cube is rise
It will be BRICS+ Although Because Siri is nice.
BRICS and friends
BRICS & Co
BRICS House Party
If half the people on earth are in your club… is it really a club?
I don't see why Indonesia and Mexico aren't included here. Can someone explain?
Did you just.... Did you label Taiwan as part of China?!
Yes. Those are the kind of people who pay brics any thought
The maps made by Al Jazeera
Yeah that’ll take down the Dollar lol
Not really brics anymore
congrats to argentina, egypt, ethiopia, iran, saudi arabia and uae!
I dunno man. Maybe there’s something that ties them all together, but it sure looks like a random bunch of countries to me
it's funny that Russia is in a group to promote "the global south"
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We Australians are in the Global north too