The BRICS states aim to become an alternative to the G7 amid "Western serious economic foolishness," Helene Clement-Pitiot, a researcher at the Center for the Study of Industrialization Modes at the Paris-based School of Economic Warfare, told Sputnik Africa.
"The West is actually behind the change of strategy of the BRICS and their establishment as an alternative to the G7. And their emergence as an alternative to the G7 became necessary because the Western countries made serious economic mistakes," she said.
However, the West no longer serves as an economic model for the rest of the world, Clement-Pitiot emphasized.
"The West no longer appeared as a model and, indeed, it could become a danger for other countries because it did not manage the problems it had created, namely through excessive risk-taking in the markets and the thoughtless pursuit of predatory gains," Clement-Pitiot pointed out.
Such moves have prompted the BRICS to seek closer cooperation to ensure resilience in the face of these crises and Western incompetence and laxity, she concluded.