The BRICS Power Play
Are Western Economies Losing Their Global Grip?
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2 days agoThe BRICS Summit 2024 is shaping up to be more than just a routine meeting of emerging economies. With nine nations now in its fold, including the influential additions of Iran, Egypt, and the UAE, BRICS is flexing its muscles. The expansion signals a dramatic shift in global alliances — and it’s raising alarm bells in the West. Is the world witnessing the decline of Western dominance in global finance and geopolitics?At the heart of this year’s summit are questions that should concern Western powers. The BRICS countries, many of whom hold anti-Western sentiments, are openly challenging the global status quo. India, often seen as a diplomatic middleman, is walking a delicate tightrope between deepening its alliances with BRICS nations and maintaining strong ties with Western powers. But with new strategic moves by Russia, China, and Iran, the West’s supremacy is now up for debate.
One of the loudest messages coming out of the summit is the growing challenge to the US dollar’s dominance in global trade. Iran’s President Ebrahim Raisi was particularly vocal, pushing for BRICS nations to move away from the dollar in favour of digital currencies or alternative financial mechanisms. With…The Dollar in the Crosshairs: BRICS Challenges U.S. Economic Hegemony