102 sats \ 1 reply \ @edulopesf 23 Aug 2023
BRICS is a house of cards, the amount of problems that may arise from a variety of reasons on their members are simply to many.
Also, most of these numbers are made by China alone, and they'll face huge economic challenges ahead. India might be the next big superpower in few decades but the amount of social problems must be taken into consideration.
Russia, at least for now, is doomed. Brazil is kinda alright but political turmoil and high public debit puts everything on halt. South Africa is the least I know something, but I don't think is any better than the others.
All of them suffers from some lack of transparency, corruption and/or severe political issues.
You could argue G7 also suffers from severe public debt, but everyone does nowadays. You might not like government on these countries but, trust me, the worst of the G7 is certainly lightyears better than the best of the BRICS.... Don't be fooled, BRICS is just propaganda... At least for now, there isn't any true pact between BRIC members.
Not to mention the tense situations between China and India...
reply
25 sats \ 0 replies \ @nikotsla 23 Aug 2023
Totally agree with this, a house of cards is a good description, it's NO easy to align countries with a wide cultural diff. Simple propaganda.
reply
100 sats \ 0 replies \ @TheBTCManual 23 Aug 2023
GDP is one thing, GDP per capita is another, and then the distribution of the GDP through currency creation and interventionist policies is another prospect entirely.
reply
25 sats \ 0 replies \ @nerd2ninja 23 Aug 2023
lol, its literally just China and India (who were having a border dispute in recent memory lmao)
reply
0 sats \ 0 replies \ @cryptocoin OP 22 Aug 2023
Source:
The Rise of the BRICS
https://www.statista.com/chart/30638/brics-and-g7-share-of-global-gdp
https://www.zerohedge.com/geopolitical/rise-brics
reply