The American empire is in decline, accelerated by Trump’s policies of retreat, trade wars, and alliance erosion. This article traces the history of U.S. rise and decline, with facts and figures, and explores how India can navigate both risks and opportunities in a multipolar world.
BRICS Trading Currency: Feasible, or a Mirage? History, Design Options, and Global Implications
Calls for a BRICS trading currency reflect both frustration with the dollar’s dominance and aspirations for multipolar finance. This essay traces the history of global currencies—from Bretton Woods and petrodollars to America’s use of finance as a weapon—then examines the feasibility of a BRICS currency, possible architectures, and the implications for BRICS+, the U.S. and allies, and the wider world.