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The Bursting of the BRICs Bubble


For much of the past decade, the seemingly inexorable growth of the BRICs led many experts to argue that the post-American world was at hand. This was always an exaggeration, but the narrative stuck. Today, the BRICs have stalled or gone into reverse while America is enjoying a period of renewed good fortune.
Yet you wouldn’t guess this from recent news. This past March, America’s closest ally handed a diplomatic victory to China. At the urging of Chancellor of the Exchequer George Osborne, Britain broke from an EU consensus, and from its understandings with Washington, to accept a Chinese invitation to …read more

Source: The American Interest

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