The meteoric rise of the BRICS nations – Brazil, Russia, India, China and South Africa – now concluding their fifth annual summit meeting in Durban, became inevitable once the imperial powers began moving the world’s industrial production to the Global South, decades ago. From that point on, the options available to the “West” began to shrink, leading inexorably to the current historical juncture, in which U.S.-led imperialism relies almost entirely on its overwhelming military superiority to maintain itself.
“By 2020,” according to United Nations Development Program, “the combined economic output of three leading developing countries alone — Brazil, China and India — will surpass the aggregate production of Canada, France, Germany, Italy, the U.K. and the United States.” The Organization of Economic Cooperation and Development, comprised of the world’s richest countries, predicts that China will surpass the United States as the world’s biggest economy by the end of 2016. By some measures, China actually overtook the U.S. back in 2010…
http://blackagendareport.com/content/throwing-brics-us-empire
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