Jim O’Neill’s Complacency on BRICS Currency Could Blind the West to a Brewing Monetary Revolution

The Fallacy of Western Assumptions O’Neill argues that unless China and India become close economic allies, the currency will never materialize. But that assumption rests on the outdated notion that monetary systems must emerge from unified political blocks. That may have been true in the Bretton Woods era—but we are no longer living under that framework. Today's geopolitics is defined not by unity, but by strategic alignment against a common adversary—in this case, the U.S. dollar’s weaponization. The BRICS countries may squabble on the surface, but beneath that is a shared resentment of Western financial dominance, dollar hegemony, and IMF chokeholds. That’s more than enough motivation for cooperation when it comes to building alternative infrastructure—especially with digital rails making interoperability…