Early March 2022 provided a surprising reflection of the extent to which dominant Western norms of international finance could retain hegemony, even as the world’s North-South polarisation suddenly worsened. The Shanghai-based New Development Bank (NDB) was set up by five countries – Brazil, Russia, India, China and South Africa (BRICS) – at a 2014 Brazilian conference of presidents.
By Renfrey ClarkeApril 3, 2017 – Links International Journal of Socialist Renewal – For several weeks in mid-December, media outlets were aflame with the news: Russian President Vladimir Putin, no less, had led a cyber-assault on US democracy, hacking the files of the Democratic Party in an effort to secure the election of his ally Donald Trump. Or perhaps, the real source of the tale had nothing to do with Russia: perhaps it was an attempt to reinforce the self-hypnosis of US liberals that Hillary Clinton’s defeat did not stem from the disgust of millions of rust-belt workers at years of disdain and neglect by Democratic Party politicians. Retired US intelligence experts soon shot the “hack” allegations full of holes. But the refutations were ignored by the mainstream media. And the prejudice the allegations created would survive, to strengthen the rationale for Western economic, diplomatic and military pressures on Russia unparalleled in the post-Cold War period.
By Patrick Bond
March 30, 2017 – Links International Journal of Socialist Renewal – Will the Brazil-Russia-India-China-South Africa (BRICS) bloc ever really challenge the world financial order?