Who here thinks the BRICS new world order is the wrong direction for that part of the world to move in?
There really are some democracy concerns on this yet these countries are more or less selling off their freedoms of the people in the name of economy
thoughts anyone?
and yes BRICs will impact crypto as well
Undoubtedly there are close ties between politics and economics and some leading nations in the BRICS alliance have been accused of violation of democratic principles. But BRICS is solely an economic alliance geared toward national economic prosperity, hence the political influence of these powerful nations on others might be minimal. It is the responsibility of every responsible government to protect and guide its territorial integrity jealously. Turkey and Hungary are members of NATO but the US and other top members hardly influence their decisions.
The US and Europe need competition and BRICS is a formidable one. It is time for nations, especially developing ones to weigh the consequences of their economic aligns and chose the best option between the US and its partners and the BRICS alliance.