Month: December 2024

In the following important article, Dr. Jenny Clegg sets out and responds to eight key criticisms and questions concerning the BRICS+ cooperation mechanism – its nature, significance and role -and argues that, in representing a significant challenge to US hegemony, it contributes to the movement towards a multipolar world.

Noting that, the rise of the BRICS+ has divided left opinion, Jenny writes that: “Critics see, at best, a collection of disorderly capitalist states which, tied to the dollar and lacking political coherence, are in no position to form a real alternative to the existing global order and, in fact, do not even aspire to do so.” She acknowledges that: “The significance of BRICS+ should not be exaggerated: they are in no position to serve as a counterweight to the advanced capitalist states.”

However, “BRICS+ is, in fact, the driver of global growth. In the last 10 years, China and India alone comprised 47 per cent of world growth; now, according to the IMF, the average growth of the BRICS+ this year will be close to 4 per cent while the sluggish G7 barely makes 1 per cent.”

And whilst “talk of dedollarisation has indeed been overhyped… the group is developing a sanctions-proof cross-border payments system and has seen a notable increase in intra-BRICS trading in local currencies, greatly reducing losses in exchange rate charges and currency fluctuations. With BRICS+ partners now added to the scheme, potentially 30-plus per cent of global trade could begin to transition away from using the dollar.”

Turning to the accusation that “the larger BRICS+ members are just pursuing sub-imperialist and neo-imperialist agendas,” whilst acknowledging that “ambitions of national aggrandisement are at play among some of the more powerful BRICS members”, she argues that, “BRICS+ has emerged amidst a rise in diplomatic activity within the developing regions and should not be divorced from this wider momentum in the Global South. To assume that smaller developing countries are passively succumbing to subordinate positions under regional hegemons is frankly patronising.

“From the proposals of Barbados Prime Minister Mia Mottley on tackling debt to the former colonised states’ demands for reparations at the recent Commonwealth Summit to the Caribbean Islands’ proposals for a fund to cover the damage caused by extreme climate events, to name but a few, smaller developing countries are asserting their own agency.”

Jenny also argues that the BRICS+ approach is dual: developing cooperative economic arrangements step by step directed at strengthening the development of member states, so shifting the overall material economic and political balance to build pressure on the World Bank, IMF and WTO to become more inclusive.

“To dismiss this incremental approach as global social democracy, diluting true socialist opposition to imperialism, is to fail to come to terms with the reality of unequal world power so as to develop a concrete strategy for change.”

Taking issue with those who assail BRICS+ for a supposed lack of sufficient anti-imperialist rigour, Jenny responds that:

“It is in its resistance to taking sides in the US’s new cold war that BRICS+ is of such immense significance – a brake on the US-led path of war. Each member brings its own perspective – non-aligned, multi-aligned, anti-imperialist — to the organisation, but no matter how cautious and tentative their individual foreign policies may be, these are all to be valued as ways of exercising independence against the US new cold war.

“It is in the diversity of the BRICS+ that its strength lies. This is not about pro- and anti-Western blocs –  the real choice is between peaceful coexistence and the road to a third world war.”

Answering those who say that BRICS+ is too riven by disputes among its members to build a peaceful world, she draws attention to the recent agreement, on the eve of the BRICS+ summit in Kazan, between key members China and India on the management of their border dispute.

She concludes, in words that have only acquired even more cogency and urgency with US President-elect Donald Trump’s threat to impose 100% tariff rates on the BRICS+ nations should they attempt to develop alternatives to dollar hegemony:

Measuring BRICS+ against preconceived notions of socialism or even anti-imperialism is abstract and utopian, absent of any strategy to end US hegemony and Western dominance. It is in removing these obstacles that the door to socialist advance can be opened.

Taking BRICS+ out of context to knock them down is to wave a false red flag in the face of the very real dangers of war. Now, as Donald Trump brings new international challenges, and with liberal internationalism beyond resuscitation, it is imperative for the left to look South, not least to BRICS+ with its offer of a viable progressive project.

Jenny is an anti-war activist and China specialist. The author of ‘China’s Global Strategy: Towards a multipolar world’ (published by Pluto Press), she is also a member of our advisory group. Her article was first published by the Morning Star.