From https://x.com/BenjaminNorton/status/1871411903144312847
More here : https://geopoliticaleconomy.com/2024/10/26/brics-13-partner-countries-summit-kazan-russia
(minus Argentina since the 1st of January 2024)
(and Saudi Arabia is still hesitating)
The G77(, now 134 members), was founded 60 years ago, in 1966, while the G7 was only founded 7 years later in 1973, and the G20 in 1999.
The BRICS formed in 2006(, officially in 2009), with the specific aim of countering neo-colonial institutions like the "unholy trinity"(, IMF, WTO, World Bank), hence more extended than the diplomatic relations of the G77, e.g. by creating investment banks.
More secondarily they also funded the Contingent Reserve Arrangement. They're also trying to break free from other neo-colonial tools by other means than creating institutions, e.g. with de-dollarization. Russia created an alternative to the western-dominated SWIFT, which may be adopted by the rest of the BRICS+, as well as the Mir payment system.
And there are also other non-financial institutions, such as the BRICS Institute of Future Networks(, 5G, a.i., ...), space cooperation, the BRICS Innovation Network, the BRICS Vaccine Research Center, ...
Russia and India are exchanging gas, China and Brazil are exchanging solar panels, etc..
The BRICS Business Council, Business Forum, the BRICS Women’s Business Alliance, and probably hundreds more, you get the idea. They're not going to wait for the west to stop putting themselves first. Ideally, there would be world institutions and everyone would help each other and laugh at the idea of being nationalists at the expense of others, but we're not there and may never be, how many countries are waiting for a chance for revenge, or would feel safer with their old opponents definitely out ? Eat or be eaten i suppose, even if there are other ways...
