Tom Ferguson, a leading expert on money and politics, weighs in on how much democracy is there with so much wealth and power in so few hands. Tom joins Paul Jay on theAnalysis.news.
Democracy Now! As a two-day BRICS summit gets underway in South Africa, we speak with author and analyst Vijay Prashad about whether the bloc — which comprises Brazil, Russia, India, China and South Africa — can meaningfully challenge U.S. and Western domination in world affairs by building an alternative forum for countries of the Global South. BRICS countries represent 40% of the world's population and a quarter of the world's economy, and the group is now considering a possible expansion to more than 20 other countries. " BRICS is an instrument to push forward their political views, which they feel are not taken seriously, " says Prashad, director of the Tricontinental: Institute for Social Research. Prashad explains the history of BRICS and its New Development Bank and responds to criticism that BRICS falsely portrays itself as an anti-imperialist project. The BRICS countries " are not a socialist bloc, " says Prashad, but they " don't want to