• cygnus@lemmy.ca
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    15 hours 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.

    • gwilikers@lemmy.ml
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      7 hours ago

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

      • eskimofry@lemm.ee
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        50 minutes ago

        GS diversifying and playing both sides? Just a hunch. G7 has the west… whereas one could argue that the BRICS might evolve into an eastern bloc.

    • HobbitFoot @thelemmy.club
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      14 hours 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.

      • RestrictedAccount@lemmy.world
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        29 minutes 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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          18 minutes ago

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

      • Dainterhawk999@lemmy.world
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        2 hours ago

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

      • NOT_RICK@lemmy.world
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        12 hours ago

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

        • bobs_monkey@lemm.ee
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          12 hours ago

          Nothing like fomenting trust in a global financial transaction system by threatening potential user nations.