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Brics: necessary, exciting, but ultimately limited
The need to balance the economic domination of the US has led to a coalition of emerging economies — but politically, it is far less coherent than the G7. That will be a problem, explains ANDREW MURRAY
TACTICAL ALLIANCE: (From left) Brazil’s President Luiz Inacio Lula da Silva, China’s President Xi Jinping, South Africa’s President Cyril Ramaphosa, India’s Prime Minister Narendra Modi and Russia’s Foreign Minister Sergei Lavrov at the 2023 Brics summit

UNBRIDLED US power has brought endless misery to the world. The post-cold war “unipolar moment” has been marked by bloody wars of aggression and the imposition of neoliberal economics across the globe, with the 2008 crash as its memorial.

The good news is that the power of Washington is passing, albeit too slowly. The military defeats in Iraq and Afghanistan and the banking crisis will be inscribed on its tombstone. The US is a declining power.

Opposition to US imperialism and, by extension, its British helpmate, remains central to progressive politics across the world. Diverse political options can only mature outside its shadow.

Reeves leapfrogs the Tories rightwards

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