building a credible alternative

The notion that BRICS could reshape the global financial order rests more on aspiration than reality. While dollar dominance is indeed being reassessed — not just by geopolitical rivals but also by pragmatic middle powers — building a credible alternative requires more than shared discontent. It demands deep capital markets, interoperable infrastructure, credible institutions and — above all — mutual trust. On all these counts, BRICS is still struggling. The desire to reduce dollar reliance is not simply ideological but a reaction to a financial architecture long shaped by US interests. The 2008 financial crisis exposed the dangers of global dependency on Wall Street. The 2022 sanctions on Russia, which froze hundreds สล็อต เว็บตรง