In attempting to isolate Russia through the use of economic sanctions, the NATO countries have only managed to divorce themselves from the greater part of the world economy. BRICS now massively outweighs the G7 on a global scale.
The addition of six new member states will propel the BRICS group of countries far ahead of its major rival, the G7, in economic terms, several Russian media outlets reported this week, citing calculations based on global data. BRICS currently consists of Brazil, Russia, India, China, and South Africa, but next January it will admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.
According to reports from the news outlets RBK and TASS, the combined gross domestic product (GDP) of the expanded BRICS in terms of purchasing power parity (PPP) will be roughly $65 trillion. This would see the bloc’s share of global GDP rise from the current 31.5% to 37%. In comparison, the share of the G7 group of advanced economies is currently around 29.9%.
Furthermore, with the addition of the new members, BRICS nations will account for almost half of the world’s food production. In 2021, the group’s wheat harvest amounted to 49% of the globe’s total. The share of the G7 was 19.1%. BRICS will also have an advantage in terms of the production of metals used in the high-tech industry. The 11 nations will account for 79% of global aluminum output, against just 1.3% controlled by the G7. For palladium, the disparity is 77% for BRICS versus 6.9% for the G7.
The expanded BRICS will account for roughly 38.3% of the globe’s industrial production, versus 30.5% for the G7. Overall, the 11 BRICS countries will account for 48.5 million square kilometers, representing 36% of the world’s land area. This is more than double that of the G7. The combined population will amount to 3.6 billion, 45% of the globe’s total and more than four times above the G7.
On the other hand, the USA and Europe have diversity. Which, we are repeatedly assured, is a strength. And let’s not forget the advantage of being ruled over by a small and nepotistic tribe that has never been able to succeed in maintaining a self-sustaining society, not even on a small scale, for more than 2,700 years.
According to Reuters, over 40 countries have expressed interest in joining BRICS.
This should end well for the people of the West.