BRICS vs. the West: Why the Dollar Still Dominates Global Finance

BRICS is often presented as a rising alternative to Western economic power, but how real is that shift? In this conversation, political economist Professor Radhika Desai cuts through the hype to explain why economic power doesn’t automatically translate into monetary power, how corporate elites within BRICS countries remain tied to the dollar system, and why challenging neoliberal “free market” myths is central to any real alternative.

Time Stamps:
00:00 The Rise of BRICS
05:58 Why BRICS Isn’t Progressing Fast
11:57 BRICS Reliance on the West
16:09 Is the Dollar Superior?
20:00 What BRICS Success Looks Like

[Note: Radhika’s comments on India would be interesting for most. On South Africa, she is right on the mark. They are deeply intertwined with the West, and all the so-called resistance comments so regularly posted by RT, are performative.]