BRICS' open revolt against European grip on IMF
Narayan Lakshman
The Hindu, 26 May 2011
Paris: The International Monetary Fund's Executive Directors from the BRICS economies have openly revolted against the prospect of the Fund's Managing Director role reverting to a European, deepening the woes of an organisation that was recently rocked to its very core by the resignation of Dominique Strauss-Kahn as its chief following sexual assault allegations.
Phi Beta Iota: The BRICS [Brazil, Russia, India, China, South Africa] are now powerful enough to route around the West, but have not yet created a coherent multinational information sharing and sense-making capability such that they can confront the West in real-time with every lie to the public. When that happens, and it will happen within five years, we anticipate a complete shift in power to the south and the east. A near term test could be the illegal military actions against the Libyan leader, government, and capital. The era of “because we say so is coming to an end.” The era of direct assaults on NATO soil of “rear-area” launching pads and support facilities is here now.
From BRIC to BRICS–Sanya Declaration
