Russia, number 2 in the alliance, has not defeated Ukraine after 17 months of war. Unless they can turn the war around, Russia will be encircled by hostile powers to their west, except Belarus. The Baltic Sea is a NATO lake with Finland and possibly Sweden in the alliance.The Western boycott has been ineffectual, but Russia remains a de facto Third World country, dependent on mineral and agricultural exports, except they now sell to China and India instead of Europe.
India is a rising power, with a freer economic system than China and less of a police state. While there are Hindu fundamentalists who want to ban rival religions, the Indians have far more liberty than the Chinese. India and China have clashed in the Himalayas, with the Indians doing well in the skirmishes. Plus India has strong ties with Britain due to two centuries of colonial rule. The U.K. has a Prime Minister of Indian ancestry. A prolonged Indian Chinese alliance seems improbable.
The BRICS alternative currency is not a sure victor over the dollar.
BRICS shouldn’t be stable in a sense you assign to the term. Having enough common interests, ending the US dominance is one of them, is enough.
“The BRICS alternative currency is not a sure victor over the dollar.”
I tend to agree that countries will hedge their bets, but the BRICS weren’t supposed to haven’t gotten this far, for YEARS, according to our geniuses in DC.
The bottom line will be the same as far as US power is concerned - we try to sanction, say Botswana, they just go full BRICS currency...NO MORE SANCTIONS!!!
The important thing to remember about BRICS is that it is primarily a political development not economic. It is being driven by a reaction against the US weaponizing the dollar to enforce hegemonic adventurism around the world. Biden’s Russia sanctions proved to the world that the U.S. cannot be trusted. The BRICS countries and those interested may look like a motley crew but as they say, politics makes strange bedfellows. Like Saudi and Iran mending fences.