In 2001, Brazil, Russia, India, China and South Africa—the emerging-markets group known as the BRICS—accounted for 19% of global gross domestic product in purchasing power parity terms. Today, including countries set to join the bloc, the share is 36%. We see this rising to 45% by 2040, more than double the weight of the Group of Seven major advanced economies.
Is this the classic democracy that ignores when 68% of the population calls for a ceasefire in Israel?
The classic free market that leads to the highest per-capita healthcare spending?
Maybe it’s the free market that’s [stopping people from being EVs](‘They Want To Be The Gatekeepers’: Car Dealers Are Stopping Customers From Buying EVs)?
Oh, maybe it’s the secular state where issues like abortion are decided on religious lines.