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BRICS+ Challenge to Western Dominance
Analysis of the West's underestimation of Russia and the rise of the BRICS+ group as a geopolitical and financial challenger, with a focus on blockchain technology's impact.
Italian
Italy
International RelationsTechnologyChinaGeopoliticsFinanceInternational TradeIndo PacificGlobal Power
Brics+G7NatoEuropean UnionUs
Vladimir PutinXi JinpingDonald TrumpKamala HarrisJacques Sapir
- How does the BRICS+ group aim to challenge the dominance of the US dollar?
- BRICS+ aims to create a financial infrastructure independent of the dollar, using blockchain technology like Brics Pay to facilitate payments and circumvent Western sanctions.
- What is the main reason behind the West's inconsistent strategies regarding Ukraine?
- The West underestimated Russia's economic resilience and global alliances, particularly the BRICS+ group, which poses a significant challenge to Western dominance.
- What is the significance of the internal political diversity within the BRICS+ group?
- The BRICS+ nations, while diverse, are unified in their desire to reduce dependence on the US, making them a formidable counterpart in a new bipolar global order.
- What are the potential risks and consequences of the West's underestimation of BRICS+?
- The West's failure to recognize the growing power of BRICS+, coupled with underestimating the impact of blockchain technology, puts Ukraine at risk of losing the war and threatens Western global dominance.
- Why did economists and strategists underestimate the impact of blockchain technology and the BRICS Pay system?
- Economists and strategists underestimated the impact of blockchain technology, which enables BRICS+ to reduce reliance on the US dollar and potentially challenge its global hegemony.