BRICS Summit Ends With Rise of "Counter Collective"

The world is missing what just happened in Kazan

As the 16th BRICS Summit ends, many are bigger skeptics than before.

For some, it was much ado about nothing. For others, certain obstacles within BRICS, like the sanctions on Russia, mean little can be achieved. And for others, new realities, such as the rise of rival camps within BRICS, are creating doubts about what BRICS, the world’s most infamous geopolitical bloc, can truly achieve.

Add to this: no BRICS payment system, no BRICS currency, and no “BRICS baskets” (to buy and sell BRICS commodities through) came to light. These were the big projects that many believed would finally transition BRICS from being “just talk” to something real.

While all of this is true, this is a narrow way to look at the recent BRICS gathering.

Looking at BRICS this way, the significance of what took place in Kazan will be missed. Because something extraordinary happened in Russia that few expected.