• cygnus@lemmy.ca
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      2 months ago

      As I feel the need to say every time it’s mentioned, BRICS is made-up nonsense fabricated by Goldman Sachs to sell third-rate equities. Think about the relationship between the countries of “BRICS” and ask yourself if that sounds like an actual alliance.

      • HobbitFoot @thelemmy.club
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        2 months ago

        It has become a diplomatic talking shop similar to the G7. There has been pushes from some member states to make it more, including creating alternate financial systems, but it has been slow growing.

        • NOT_RICK@lemmy.world
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          2 months ago

          Russia got all pissy with Kazakhstan just this week as a result of them not joining the BRICS

        • Dainterhawk999@lemmy.worldB
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          2 months ago

          Turtalous growth because of the so many differences in political, economical, ideological between the participating countries which results in shitload of epic proportions

        • RestrictedAccount@lemmy.world
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          2 months ago

          People care about the G7 because they have power and they sometimes agree on important things.

          Neither of those are true of the “BRICS”.

          • HobbitFoot @thelemmy.club
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            2 months ago

            China, India, and Brazil are all large countries with large economies, but I agree they don’t have a lot to agree on.

      • gwilikers@lemmy.ml
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        2 months ago

        This is intreresting. What is the connection between GS and BRICs? How does it help them sell equities?

      • mamotromico@lemmy.ml
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        2 months ago

        Sorry to say but “BRICS” is far from “made up nonsense” here in Brazil. There’s plenty of export and some industries that got a boost thanks to it, it’s a very real economic block. I don’t know why you would think that it is not real, especially now that we are setting up a payment system to avoid the dollar usage.

        • cygnus@lemmy.ca
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          2 months ago

          Sorry to say but “BRICS” is far from “made up nonsense” here in Brazil. There’s plenty of export and some industries that got a boost thanks to it, it’s a very real economic block.

          Oh really? Let’s take China, the biggest economy in “BRICS”. Here is the history of Brazil’s trade to China. It has of course grown (probably mostly soybeans). You might think that growth is thanks to BRICS.

          But wait, what’s this? Canada’s trade with China has grown even more? Is it now BRICCS?

          I don’t know why you would think that it is not real, especially now that we are setting up a payment system to avoid the dollar usage.

          This is nowhere near implementation. Putin proposing something doesn’t immediately make it real. It also assumes great stupidity on the part of China and India to tether themselves economically to the sinking ship that is Russia. India in particular is exploiting Russian economic weakness at every opportunity.

      • TheEighthDoctor@lemmy.world
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        2 months ago

        Doesn’t seem that way when Lula proposes Putin’s peace plan that only BRICS countries think is fair.

    • deus@lemmy.world
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      2 months ago

      That doesn’t mean much. Iran and Saudi Arabia also are in it and they hate each other.

        • deus@lemmy.world
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          2 months ago

          It was, indeed. The group has grown a lot since then but the original name has stuck.

        • Dainterhawk999@lemmy.worldB
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          2 months ago

          A lot more countries are being invitied to be a member of the intra fighting group known as BRICS.

          Putin bruh is forcing other countries by implementing sanctions in ways such as by not accepting bananas and apples… 🍌🍌🍌🍎🍎🍎