The BRICS countries – Brazil, Russia, India, China, and South Africa – have been increasingly seen as challenging the traditional US-led world order. In a video titled “Are BRICS countries already challenging the US-led world order? | The Bottom Line,” Richard Wolff, a professor emeritus, argues that the American empire has peaked and is now on the decline.
Wolff points out that the BRICS countries have been gaining economic and political power on the global stage, leading to a shift in the balance of power. He suggests that as the US empire weakens, the BRICS countries are rising to challenge its dominance.
The rise of the BRICS countries has been evident in various ways, including their growing influence in international organizations like the United Nations and their increasing role in global trade and finance. The BRICS countries have also been working together to create alternative institutions, such as the New Development Bank, which aims to provide an alternative to the traditional Western-controlled financial system.
While the US still maintains significant power and influence in the world, Wolff argues that the rise of the BRICS countries signals a changing global order. As the US struggles to hold on to its hegemony, the BRICS countries are positioning themselves as key players in shaping the future of international relations.
Overall, the video raises important questions about the shifting power dynamics in the world and the potential challenges that the US-led world order may face in the years to come.
Watch the video by Al Jazeera English
Video “Are BRICS countries already challenging the US-led world order? | The Bottom Line” was uploaded on 10/20/2024 to Youtube Channel Al Jazeera English