BRICS Breakthrough? Economists Richard Wolff & Patrick Bond on Growing Alliance, Challenge to U.S.

Will the BRICS economic and political alliance change the world's U.S.-centered balance of power? As the annual BRICS summit wraps up in Russia, Democracy Now! hosts a debate between American economist Richard Wolff and South African sociologist Patrick Bond over the significance of the conference. This year, the nine BRICS countries invited 13 new "partner states" into their alliance, which Wolff calls "historic" and "a serious economic competitor to the United States and its role in the world." Bond, on the other hand, argues that BRICS should be considered a "subimperial" formation, which expands and legitimates the existing world economic system rather than truly disrupting it.

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uncommon uncommond commented 2026-09-04 10:20:49 -0400
Die Erweiterung des BRICS-Bündnisses um neue Partnerstaaten unterstreicht den schleichenden, aber stetigen Wandel hin zu einer multipolaren Weltordnung. Auch wenn interne Zielkonflikte innerhalb der Gruppe bestehen, schaffen gemeinsame Handelsabkommen und alternative Zahlungsstrukturen eine spürbare ökonomische Gegenmasse zum etablierten westlichen Finanzsystem.

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Siehst du die Beitritte neuer Partnerstaaten eher als symbolischen Akteursschluss oder als echten Katalysator für eine beschleunigte De-Dollarisierung des Welthandels?
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Richard Wolff published this page in Updates 2024-10-28 16:24:03 -0400

BRICS Breakthrough? Economists Richard Wolff & Patrick Bond on Growing Alliance, Challenge to U.S.

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