BRICS Xiamen summit doomed by centrifugal economics

by PATRICK BOND

PHOTO/Dongdao.net

Capitalist ‘deglobalisation’ could crack the bloc even if internal geopolitical strife eases

The Brazil-Russia-India-China-South Africa summit in Xiamen from September 3-5 is already inscribed with high tension thanks to Sino-Indian border conflicts. But regardless of a welcome new peace deal, centrifugal forces within the fast-whirling world economy threaten to divide the BRICS. South Africa, which plays host to the BRICS in 2018, is already a victim of these trends – even as President Jacob Zuma continues to use the bloc as a primary crutch in his so-called “anti-imperialist” (talk-left walk-right) political survival kit.

Beijing’s logo designers for this summit, perhaps unconsciously subversive, illustrated how the formerly overlapping, interlocking BRICS are now thin and flimsy, wedging themselves apart. Such a prospect was predictable earlier this year as a result of Donald Trump’s ascendance. Both Washington’s neo-conservative ‘Deep State‘ and the (fast-disappearing) paleo-conservatives were intent on ramping up conflict with China – though early on, BRICS splintering towards the US included not only proto-fascist India, for elites in Russia and Brazil also sought friendly relations.

A deeper reason for pessimism is that at the 2015 BRICS summit in Russia, just as world commodity markets began to collapse, Chinese premier Xi Jinping invoked the laws of physics. He asked fellow leaders “to boost the centripetal force of BRICS nations, tap their respective advantages and potentials and carry out cooperation in innovation and production capacity to boost competitiveness.” That’s the bloc’s theory – but practices are very different.

 

India fights China leaving BRICS as collateral damage

The most obvious geopolitical wedges are actually not Washington’s (for now), but instead Sino-Indian border conflicts. The most intractable is in Pakistani-held Kashmir, and concerns transport infrastructure needed by China to link its far western region to the sea.

A higher-profile fight unfolded over recent weeks where India and China share a border with Bhutan. When the Chinese built a small road on contested ground, fisticuffs were initiated by Indian soldiers. On Monday, India backed down and withdrew its troops, but not before Indian prime minister Narendra Modi’s staff hinted he would boycott Xiamen just as he had China’s Belt and Road Summit in May.

 

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