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The Intelligence from The Economist

Fellow-BRICS road: a club expands

The Intelligence from The Economist

The Economist

News, Global News, Daily News

4.53.7K Ratings

🗓️ 25 August 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

The alliance was always based more on common fortunes than common interests. We ask what to make of the six new members, and whether the bloc’s motley nature undermines its purpose. Regulation has struggled in an era when children can become “influencers”, but it is starting to catch up (9:36). And remembering Bindeshwar Pathak, who realised India’s future depended on toilets (16:28).


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Transcript

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0:00.0

Hello and welcome to the Intelligence from the Economist. I'm your host, Jason Palmer.

0:09.1

Every weekday we provide a fresh perspective on the events shaping your world.

0:18.1

Just about anybody can be an influencer these days, and their influence, getting you to

0:23.2

buy stuff, can be pretty subtle. We examine how the law is catching up when it comes to

0:28.3

influencers who are children, if kid influencers. And in India's past dealing with human waste

0:37.4

was left to a cast of so-called untouchables. Our obituaries editor pays tribute to

0:42.7

Bindishwar Patak, who made it his mission to provide better lies for those people by providing

0:47.9

flush toilets to the public.

0:55.9

The Alliance known as BRICS, Brazil, Russia, India, China and South Africa just got bigger

1:10.6

and is going to need a new name. At the annual BRICS Summit in Johannesburg this week, South

1:16.0

Africa's president Cyril Ramaposa announced that six new countries would soon be joining.

1:21.4

We have consensus on the first phase of this expansion process and other phases will

1:29.0

follow. China, which has become the group's de facto driving force, was pleased. President

1:35.3

Xi Jinping hailed the expansion and talked up a new chapter of solidarity and cooperation.

1:48.6

This was always a mixed bag, originally seen as the developing countries that would soon

1:53.4

make up a big slice of the global economy. Plenty of other countries have wanted the prestige

1:58.8

and the bargaining power of membership, but there's more than economics driving these six

2:03.7

new kids in the block.

2:05.8

The BRICS Summit in Johannesburg was a symbol of how geopolitics is shifting. John McDermott

2:12.7

is the economist's chief Africa correspondent. The block invited six new members, underlining

2:18.9

how emerging powers are becoming more assertive on the global stage and how China is becoming

2:25.8

more assertive in courting those powers.

...

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