BRICS Summit in Johannesburg 2018

This process is not new, it has been unfolding over several decades and has given rise to the phenomena of neoliberalism, globalisation and financialisation. These are capital’s means to overcome the crises of capitalism globally.

Chatter about reforming multilateral economic power structures, launching a new BRICS credit ratings agency, and prospects for leapfrog technology within the “4th Industrial Revolution” (4IR) also filled the air.