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BRICS

Falling BRICS endanger their citizens’ health, starting with South Africa’s Jacob Zuma

 

 

By Patrick Bond

 

August 21, 2017 — Links International Journal of Socialist Renewal — As he launched the African Regional Centre of the New Development Bank (NDB) in Johannesburg on Thursday, nearly 18 months behind schedule, South African President Jacob Zuma must have had mixed feelings. Strife-riven Brazil, Russia, India and China are more risky allies than Zuma reckoned when in 2010 he accepted Beijing’s invitation to join the club.

 

Russia in the world

 

By Renfrey Clarke

 

April 3, 2017
Links International Journal of Socialist RenewalFor 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.[1] 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.

 

The BRICS New Development Bank meets in Delhi to dash green-developmental hopes?

 


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?

Will Washington’s new pro-Moscow, anti-Beijing gang drive a wedge through the BRICS in 2017?

 

 

By Patrick Bond

 

January 9, 2017 –– Links International Journal of Socialist Renewal –– The weeks following an underwhelming Brazil-Russia-India-China-South Africa (BRICS) mid-September summit in Goa and the United States presidential election in November have unveiled ever-widening contradictions. Thanks to blatant corruption, presidential delegitimation has reached unprecedented levels in both Brazil and South Africa, while ruling-party religious degeneracy in India also included an extraordinary bout of local currency mismanagement. And sudden new foreign-policy divergences may wreak havoc in China and Russia. The BRICS bloc’s relations could well destabilise to the breaking point.

 

BRICS fantasies and unintended revelations: the wages of sub-imperial assimilation

 

 

By Patrick Bond

 

October 14, 2016 — Links International Journal of Socialist Renewal — A Brazilian leader’s faux pas spoke volumes about the Brazil-Russia-India-China-South Africa (BRICS) heads of state summit underway in Goa this weekend. The country’s foreign minister (and occasional presidential candidate) José Serra told an interviewer last month that the BRICS included Argentina. And as he stumbled while spelling out the acronym, Serra also had to be prompted to recall that South Africa is a member (because in English it is the “S” in BRICS, but in Portuguese the country is “Africa do Sul”).

 

Brazil coup shows BRICS powers are no alternative to US imperialism

 

 

By Patrick Bond

 

May 29, 2016 -- Links International Journal of Socialist Renewal -- On May 12, Brazil’s democratic government, led by the Workers’ Party (PT), was the victim of a coup. What will the other BRICS countries (Russia, India, China, and South Africa) do?

 

The Myth of “Russian Imperialism”: in defence of Lenin’s analyses

 

By Renfrey Clarke and Roger Annis

 

February 29, 2016 -- Links International Journal of Socialist Renewal -- A sharp controversy within the international left in recent times has concerned the place occupied by Russia in today’s capitalist world-system. Is Russia an imperialist power, part of the “centre” of global capitalism? Or, do its economic, social and politico-military characteristics mark it as part of the global “periphery” or semi-periphery – that is, as one of the majority of countries that, to one degree or another, are the targets of imperialist bullying and plunder?[1]

 

Traditionally, the Marxist left has used the term “imperialism” with a high degree of discrimination. Imperialism for Marxists is not something called mysteriously into being when “greed” overcomes political leaders. Nor is it simply external military action, however aggressive. For Marxists, the imperialism of our time arises from specific features of the economies and social orders of the most advanced capitalist countries.

 

The classic Marxist definition of imperialism in the modern epoch was provided by V.I. Lenin in his 1916 pamphlet Imperialism, the Highest Stage of Capitalism. As viewed by the Bolshevik leader, the advanced capitalism that had emerged during the preceding decades had these salient characteristics:

 

Foreign investment retreats from Africa: Gaming, naming and shaming ‘licit financial flows’

Vast public subsidies may be pumped through the new “Programme for Infrastructure Development for Africa”

Click for more by Patrick Bond.

By Patrick Bond, Durban

August 10, 2015 – a version was first published in TeleSUR English, submitted to Links International Journal of Socialist Renewal by the author -- Foreign direct investment (FDI) is always prefaced with the two words ‘much needed”, my colleague Sarah Bracking insisted last week at a Zimbabwe NGO conference. “Have you ever heard FDI referenced without those two words?” We all shook our heads.

BRICS bankers will undergird – not undermine – Western financial decadence

By Patrick Bond

July 10, 2015 -- originally published by teleSUR English, submitted to Links International Journal of Socialist Renewal by the author -- The main point of the summit of leaders from Brazil, Russia, India, China and South Africa this week was host Vladimir Putin’s demonstration of economic autonomy, given how much Western sanctions and low oil prices keep biting Russia. In part this sense of autonomy comes from nominal progress made on finally launching the bloc’s two new financial institutions.

But can these new banks address the extraordinary challenges in world finance? For example, more than 60% of Greeks voting in last Sunday’s referendum opposed the neoliberal dictates of Brussels-Berlin-Washington, thus raising hopes across Southern Europe and among victims of “odious debt” everywhere.

Meanwhile, bubbly Shanghai and Shenzhen stock markets were crashing by $3 trillion from peak levels in just 17 days, a world-historic meltdown, at a time Chinese housing prices were also down 20% over the prior year. Beijing’s emergency bail-out measures represent vast subsidies to financiers, just like those used in Washington, London, Brussels and Tokyo since 2007.

Has the International Monetary Fund reformed?

Click for more by Patrick Bond.

By Patrick Bond, Durban

December 22, 2014 -- TeleSUR English, submitted to Links International Journal of Socialist Renewal by the author -- In a Washington Post op-ed on December 17, 2014, "The IMF's Perestroika Moment", Boston University political economists Cornel Ban and Kevin Gallagher suggested "conventional wisdom" about the International Monetary Fund (IMF) is "outdated" because the IMF is no longer "a global agent of economic orthodoxy". Hmmm.

Climate and collusion: 'The window to halt runaway climate change is closing fast'

Environmental activists attempt to gain access to the plenary session of the United Nations Climate Change Conference (COP17) in Durban.

By Patrick Bond, Durban

August 30, 2014 -- TeleSUR English, submitted to Links International Journal of Socialist Renewal by the author -- – The movement from below to tackle climate change is gathering pace in South Africa and elsewhere in the world in advance of the September 21 mass march against the United Nations. 

Environmentalists lead, but this struggle invokes the world’s greatest class-race-gender-North-South conflicts, too. Ban Ki-Moon’s heads-of-state summit on September 23 may generate greater publicity for the cause, but if, as anticipated, world rulers simply slap each other on the back, activists will have to even more urgently intensify the pressure.

In Fortaleza, BRICS became co-dependent upon eco-financial imperialism

BRICS leaders in Fortaleza, Brazil.

By Patrick Bond, Durban

July 31, 2014 – Links International Journal of Socialist Renewal -- Contrary to rumour, the Brazil-Russia-India-China-South Africa (BRICS) alliance confirmed it would avoid challenging the unfair, chaotic world financial system at the Fortaleza, Brazil, summit on July 15, 2014.

Is there an 'anti-imperialist camp'? A debate (part 1)

Leaders of the Community of Latin American and Caribbean States in Cuba at its 2014 meeting.

[Michael Karadjis responds below. Read part 2 of this debate at http://links.org.au/node/3982.]

By Felipe Stuart

July 31, 2014 -- Links International Journal of Socialist Renewal -- Michael Karadjis, I read the exchange between Einde O and you where you state that:

Nigeria: Africa’s number one economy -- for wealth evaporation

In 2012, neoliberalism catalysed a national “Occupy Nigeria” strike that nearly overthrew the government the removal of a petrol subsidy, under direct pressure from the IMF.

Click for more on Nigeria; and on BRICS. More articles by Patrick Bond.

By Patrick Bond

April 10, 2014 – Links International Journal of Socialist Renewal -- Jim O’Neill – the Goldman Sachs banker who in 2001 coined the idea of Brazil-Russia-India-China or “BRIC” serving as “building bricks of the 21st century world economy” – has another bright idea. [With South Africa this bloc is now known as BRICS.] He recently announced a new fascination with the Mexico-Indonesia-Nigeria-Turkey (MINTs) countries, which “all have very favourable demographics for at least the next 20 years, and their economic prospects are interesting”.

BRICS lessons in (un)sustainable urbanisation

The South Durban Community Environmental Alliance takes on climate, BRICS, Transnet, truckers and big oil.

By Patrick Bond

November 28, 2013 – Links International Journal of Socialist Renewal -- What is to be done, in the wake of Warsaw climate summit’s conclusive failure to cap CO2 emissions last weekend? The answer: walk out of the United Nations process when it needs de-legitimation, and work much harder to curtail pollution in your home sites of struggle, everyone in civil society agreed. 

BRICS lessons from Mozambique

Floods in Mozambique have worsened.

By Bobby Peek

July 24, 2013 -- Pambazuka News, posted at Links International Journal of Socialist Renewal with permission -- Just across the border in Mozambique there is neo-colonial exploitation underway. It is not Europe or the United States that are dominating, but rather countries that are often looked up to as challengers, such as Brazil, Russia, India, China and South Africa (BRICS). This is a dangerous statement to make but let us consider the facts.

South Africa is extracting 415 megawatts of electricity from Mozambique through the Portuguese developed Cahora Bassa Dam, which has altered permanently the flow of the Zambezi River, resulting in severe flooding on a more frequent basis over the last years. In the recent floods earlier this year it is reported that a women gave birth on a rooftop of a clinic, this follows a similar incident in 2000, when Rosita Pedro was born on a tree after severe flooding that year.

Obama in South Africa: Washington tells Pretoria how to ‘play the game’ in Africa

Protesters greet Obama, June 28, 2013.

[For more on South Africa, click HERE. For more by Patrick Bond, click HERE.]

By Patrick Bond, Durban

July 1, 2013 – Links International Journal of Socialist Renewal – US President Barack Barack Obama’s weekend trip to South Africa may have the desired effect of slowing the geopolitical realignment of Pretoria to the Brazil-India-Russia-China-South Africa (BRICS) axis. That shift to BRICS has not, however, meant deviation from the hosts’ political philosophy, best understood as “talk left, walk right” since it mixes anti-imperialist rhetoric with pro-corporate policies.

Overshadowed by Nelson Mandela’s critically ill health, Obama’s implicit denial of a US imperial agenda could not disguise Washington’s economic paranoia. As expressed on June 25 by White House deputy national security adviser Ben Rhodes, “What we hear from our businesses is that they want to get in the game in Africa. There are other countries getting in the game in Africa – China, Brazil, Turkey. And if the US is not leading in Africa, we're going to fall behind in a very important region of the world.”

Ordinary Brazilians foot the FIFA bill -- some lessons from South Africa

[For more on Brazil, click HERE. For more on the soccer World Cup, click HERE.]

By Patrick Bond, Durban

June 24, 2013 – Links International Journal of Socialist Renewal -- Over the last fortnight, Brazil’s millions of street protesters in 80 cities supporting the Free Fare Movement have declared how fed up they are with making multiple sacrifices to neoliberalism as revitalised by one Sepp Blatter, the Swiss emperor of the Fédération Internationale de Football Association (FIFA). While right-wing opportunists have been involved in some of the recent protests, the core grievances are apparently those of the left and of the disaffected youth.

Brazil: Massive protests fuelled by majority's lost expectations


Real News network report, June 24, 2013. More at The Real News.

[For more on Brazil, click HERE.]

By Charmain Levy

June 22, 2013 – Links International Journal of Socialist Renewal -- The massive protests across Brazil have taken everyone – even the instigating group, the Movimento do Passe Livre (MPL, Free Fare Movement) – by surprise. Some international lefties and political analysts have repeated mainstream Brazilian journalists’ claim that they are the most important protests since the end of the military dictatorship in 1985. This is false.

South Africa’s ‘sub-imperial’ seductions

By Patrick Bond

May 9, 2013 – Links International Journal of Socialist Renewal -- Thanks are due to an odd man, the brutally frank Zambian vice-president Guy Scott who last week pronounced, “I dislike South Africa for the same reason that Latin Americans dislike the United States”. Thanks are also due to South Africa’s President Jacob Zuma for forcing a long-overdue debate, just as the World Economic Forum Africa summit opens in Cape Town: is Pretoria a destructive sub-imperialist power?

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