Notwithstanding chaos in global governance, as revealed in last week’s inconsequential Paris development finance and climate conference, worsening environmental crises and a weak attempt at multilateral revivalism joined by President Cyril Ramaphosa, unrealistic expectations of the Brazil-Russia-India-China-South Africa (BRICS) bloc are being dashed.
The BRICS appear certain to disappoint when they meet in Sandton on August 22-24, just as much as current Western-driven initiatives are failing to provide the debt cancellation and climate reparations urgently required, instead piling on more loans for countries like Zambia to pay interest on old loans.
And what appears to be a colonial/Neo-colonial network aiming to re- legitimise the Western Neo-liberal order was kicked off in last week’s statement – “A green transition that leaves no one behind”
