Quote:“The alliance is also marked by a strong ambivalence. It was founded with the intention of ending the hegemony of the West and the imperial practices of the hegemonic power, the U.S. Attacking the U.S. dollar as the world’s reserve currency is a central project within this strategy. But at the same time, the BRICS countries are not striving for a fundamental change in world trade, they are ultimately only seeking to inherit the West and the U.S. within the framework of the world capitalist system – and to fall into the same imperialist practices that the U.S. is accused of. This is evident not only in Russia’s imperialist war in Ukraine, but also in the conflicts within the alliance: China and India, for example, are often on the brink of war in the Himalayas over border disputes.”

You are viewing a single thread.
View all comments
1 point

Their is difference between want and doing. Both china and india have huge reserves of USD. Belive me they dont want that value to decrese. As for brazil and russia i have little knowledge.

permalink
report
reply
1 point

Russia keeps most of it’s reserves in gold, as with any sane country.

permalink
report
parent
reply

Socialism

!socialism@lemmy.ml

Create post

Rules TBD.

Community stats

  • 250

    Monthly active users

  • 730

    Posts

  • 3.1K

    Comments

Community moderators