Russia, China to advocate for their agendas among developing nations at BRICS summit
PBS NewsHourJUL 2023
The Spin
Pro-establishment narrative
While the expansion suggests unity and momentum, the move is ironically more likely to expose the existing rifts among the BRICS members. The bloc faces a fate similar to that of the EU, where the steady addition of new members led to growing ambiguity about the goals and purpose of the supranational union. Though Putin may try to use BRICS to blame the West for his illegal invasion of Ukraine and transform it into an anti-US bloc, the alliance remains an artificial construct shaped by heterogeneous economic interests.
Establishment-critical narrative
This is a historic day, not only for BRICS but for the entire global South, and proves that the bloc's member states can bridge existing political and economic differences to create a more equitable international order. Under Russia's leadership, BRICS is pushing back against the West's policies of hegemony and neocolonialism — instead promoting a multipolar world based on the principles of equality, partnership, support, and due regard for each other's interests.
Metaculus Prediction
There is a 27% chance that the Chinese Yuan will be among the top 3 global payments currencies before 2030, according to the Metaculus prediction community.
