BRICS vs Western Hegemony: Patnaik & Wolff on Global South, China, and De Dollarisation
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BRICS vs Western Hegemony: Patnaik & Wolff on Global South, China, and De Dollarisation
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Can BRICS challenge Western dominance?In this in-depth conversation, leading economists Prabhat Patnaik and Richard D. Wolff explore whether the BRICS alliance (Brazil, Russia, India, China, South Africa) offers a viable alternative to Western hegemony and neoliberal globalization. BRICS vs Western Hegemony: Patnaik & Wolff on Global South, China, and De-Dollarisation
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🔍 Key Topics Covered:
The role of BRICS in the global economy
China’s influence within BRICS and its contradictions
The promise and pitfalls of de-dollarisation
Why replacing the US dollar isn’t enough for structural change
Export-led growth vs alternative development models
The IMF, knowledge control, and Western dominance in economic thought
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👥 Patnaik argues that BRICS has yet to confront the structural conditions of global capitalism that continue to exploit the Global South. Meanwhile, Wolff sees BRICS, particularly China, as a critical opening for alternative economic possibilities.
Despite differences, both economists agree: BRICS offers bargaining space and strategic opportunities for developing countries to assert themselves globally.
📌 A must-watch for anyone interested in:
Global South politics
Anti-imperialist economics
Alternatives to neoliberal globalization
Critical analysis of China’s global role
Challenging Western-led institutions like the IMF and World Bank
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