Yes, for a lot of the BRICS countries corruption is the way of life. Since I have visited some of these countries, unless they have changed, corruption is how a lot of people live. Without it they could not survive. So, I assume that it spreads to the highest levels of those countries, too.

It would be smart for them to settle in gold or bitcoin. That would eliminate their ability to cheat, though, which I don't see them abandoning.

Undisciplined

econ

Can the BRICS Nations Lead Us to a Better World?

Rothbardian_fanatic

They may not settle on any one currency, but they may settle on weights of gold or BTC or something such as that. You would think that China, at least, has had enough experience with paper currency to understand the problems with it and not want to be responsible for making those problems again. I think India is also in the same experience boat as China on paper currency. Unfortunately, they, too, are under the rock solid influence of the banksters.