BRICS Countries Unite to Resist Digital Colonization, Says Kribrum President

BRICS nations call for joint resistance against digital colonization by tech giants, aim to develop their own digital currency and financial platform to reduce US dollar dependence.

Bijay Laxmi
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BRICS Countries Unite to Resist Digital Colonization, Says Kribrum President

BRICS Countries Unite to Resist Digital Colonization, Says Kribrum President

In a statement released on April 21, 2024, Igor Ashmanov, the president of Kribrum and a member of the Russian TASS Human Rights Council, called for BRICS countries to jointly resist digital colonization. Ashmanov stressed that individual nations cannot successfully counter the technological and financial resources of transnational IT giants alone, but can achieve their goals by combining their efforts.

The BRICS economic bloc, comprising Brazil, Russia, India, China, and South Africa, has emerged as a significant force in the global economy. In 2024, the group's combined purchasing power parity surpassed that of the G7 nations, with BRICS accounting for 35.6% of global GDP compared to the G7's 30.3%. Egypt has also officially applied to join the BRICS group, driven by the bloc's initiatives to promote the use of alternative currencies and payment mechanisms, which could help reduce reliance on the US dollar.

Why this matters: The call for BRICS countries to unite against digital colonization highlights the growing concerns over the dominance of transnational IT companies and the need for alternative solutions. As the BRICS bloc continues to gain economic and political influence, their collective efforts to resist digital colonization could have significant implications for the future of technology and global power dynamics.

Ashmanov stated that the BRICS member countries are working on developing and implementing their own digital currency based on blockchain technology, which should be available to states, businesses, and citizens, and free from political influence. This move is part of the BRICS bloc's efforts to promote de-dollarization and the use of local currencies in international trade.

The BRICS alliance is also exploring the creation of a 'BRICS Bridge' platform that would integrate digital assets and stablecoins for financial dealings among member countries. However, this policy shift has raised concerns from the United States, and there are reports that South Africa may potentially leave the alliance due to these developments.

Ashmanov's statement comes amidst growing challenges to the global governance system, which has been dominated by the G7 nations. The BRICS bloc is seen as a promising platform for marginalized states, with reports indicating that 40 countries have applied for membership in the BRICS Plus bloc. However, experts acknowledge the need for the BRICS group to adapt quickly to achieve its key objectives and effectively counter Western dominance.

"Large transnational companies and IT giants have significant technical and financial resources that individual countries cannot oppose, but BRICS countries can address such issues by standing together," Ashmanov said, emphasizing the importance of unity among BRICS nations in resisting digital colonization and promoting their own technological solutions.

Key Takeaways

  • BRICS countries call for joint resistance against digital colonization by IT giants.
  • BRICS bloc surpasses G7 in purchasing power parity, Egypt applies to join.
  • BRICS developing blockchain-based digital currency to reduce reliance on US dollar.
  • BRICS exploring 'BRICS Bridge' platform for digital assets and stablecoins.
  • BRICS aims to counter Western dominance, but needs to adapt quickly to achieve goals.