Link to Tweet

Absolutely astonishing that Iran and Saudi Arabia would be admitted side-by-side. Geopolitical arch-rivals joining the same economic bloc like this might signal a watershed moment for multipolarity.

    • Tankiedesantski [he/him]@hexbear.netOP
      link
      fedilink
      English
      arrow-up
      49
      ·
      edit-2
      1 year ago

      :goose-honk: then why is Saudi Arabia’s military exclusively equipped by your country?

      :goose-chase: WHY IS SAUDI ARABIA EXCLUSIVELY ARMED BY YOUR COUNTRY MOTHERFUCKER?

      • Barbariandude [he/him]@hexbear.net
        link
        fedilink
        English
        arrow-up
        28
        ·
        edit-2
        1 year ago

        That’s what immediately sprung to mind for me as well. If they could come to a compromise about the hydro reservoir filling speed, that’d be a huge increase in stability for the whole area.

        • hexi [they/them]@hexbear.net
          link
          fedilink
          English
          arrow-up
          25
          ·
          1 year ago

          Most likely the New Development Bank will give loans to Ethiopia to fill up the damn slowly.

          Egypt doesn’t have to worry about the river running low, and Ethiopia can balance the lost gains from filling up the damn quickly with cheap cash from BRICS.

      • quarrk [he/him]@hexbear.net
        link
        fedilink
        English
        arrow-up
        11
        ·
        1 year ago

        Well yeah BRICS isn’t exactly some Avengers assembly, it has a limited scope. Class is the defining line of struggle in capitalism, that is why coalition can be found among quite distinct groups. Fred Hampton and the Rainbow Coalition are one historical example. Maybe some people are reading BRICS as a stronger association than it is, but it is a Very Big Deal because it actually is a direct threat to US hegemony, maybe the largest ever depending on how successful it is in the next decade.

          • quarrk [he/him]@hexbear.net
            link
            fedilink
            English
            arrow-up
            10
            ·
            1 year ago

            I agree that BRICS isn’t significant yet, it’s a looming storm cloud for the US. I meant more broadly that de-dollarization is the most direct non-military means for other nations to challenge US hegemony.

            If BRICS is able to budge even oil trade away from USD then that has cascading effects. When countries need fewer USD to buy oil then they don’t need to export as much other things to the US to maintain their USD balance.

    • Tankiedesantski [he/him]@hexbear.netOP
      link
      fedilink
      English
      arrow-up
      14
      ·
      1 year ago

      I was so taken aback by Iran and Saudi that I didn’t even pick up on that. I suppose it’s not unprecedented in BRICS since China and India have that perpetual border kerfuffle.

    • Tankiedesantski [he/him]@hexbear.netOP
      link
      fedilink
      English
      arrow-up
      36
      ·
      1 year ago

      Unfortunately the other members were swayed by the argument “Vuvuzela no iPhone”.

      I think China wanted to expand more and India wanted to expand less. Sounds like there was a lot of last-minute horse trading done to get even these countries admitted.

      • zephyreks@programming.dev
        link
        fedilink
        English
        arrow-up
        7
        ·
        1 year ago

        Imo this was as good of an expansion as could be expected.

        Any more and it looks like they’re overreaching.

        A shame Indonesia, Nigeria, and Venezuela were skipped though.

    • Tankiedesantski [he/him]@hexbear.netOP
      link
      fedilink
      English
      arrow-up
      29
      ·
      1 year ago

      Every few years some IR wonk writes an article about how Ethiopia is the up and coming middle power of the Horn of Africa and this might be the first manifestation of that in a long time.

    • Tankiedesantski [he/him]@hexbear.netOP
      link
      fedilink
      English
      arrow-up
      31
      ·
      edit-2
      1 year ago

      The last “fuck you” of the outgoing government maybe?

      Realistically these talks will have been going on for many months, if not more than a year.

  • Putinbot [comrade/them]@hexbear.net
    link
    fedilink
    English
    arrow-up
    29
    ·
    1 year ago

    Modi apparently played a last-minute spoiler role:

    An agreement had been meant to be adopted following a plenary session earlier on Wednesday, but the source said it had been delayed after Indian Prime Minister Narendra Modi introduced new admission criteria.

    Asked about the delay, an Indian official aware of the details of the talks told Reuters late on Wednesday that the discussion were continuing.

    “Yesterday … India pushed for consensus on criteria as well as the issue of (candidate) names. There was a broad understanding,” he said.

    The BRICS country official said that admission criteria India’s Modi proposed included requiring members not be the target of international sanctions, ruling out potential candidates Iran and Venezuela.

    Modi was also pushing for a minimum per capital GDP requirement.

    “These are the things Modi brought in today,” the official said. “So they are becoming a little bit of a spoiler.”

    Looks like he ultimately conceded on Iran.

    • Tankiedesantski [he/him]@hexbear.netOP
      link
      fedilink
      English
      arrow-up
      19
      ·
      1 year ago

      This announcement flies in the face of every prediction I’ve seen. India opposing expansion, Argentina not being able to join because of American creditors pulling strings. That weird shit about Xi you mentioned.

    • SimulatedLiberalism [none/use name]@hexbear.net
      link
      fedilink
      English
      arrow-up
      7
      ·
      edit-2
      1 year ago

      Which is why it is going to fall apart at the first sign of trouble. Adding more member states to an already fragile coalition is only going to heighten the disputes among them, which means there isn’t going to have any common policy coming out from BRICS going forward.

      This plays perfectly into the hands of the US and the increasingly vassalized EU bloc, and gives Biden the perfect opportunity to strike hard and fast against an entire group of countries that don’t quite know what they all want. The US/EU bloc with unquestioning loyalty and unity is always going to be at an advantage compared to the squabbling BRICS countries.

      The US is really in a prime position to bury BRICS once and for all (possibly this fall to late 2023), when the overwhelming dollar liquidity is flowing outwards to the foreign sector once again.