Beyond the BRICS

Coverage and perceptions of the 15^th summit of the BRICS (Brazil, Russia, India, China, and South Africa) which ended August 24 in South Africa, were colored in advance by delusions spread by some fervid “fans” of the organization internationally. They had insisted against all evidence that the summit would inaugurate a new world currency to compete against the dollar. Along with this, they imagine that the BRICS is creating a new geopolitical bloc against the United States or the “United States-led West.” Some call this new geopolitical phantasm the “Global South.”