Claims to Western Superiority

ELMAU/MOSCOW (Own report) – On the occasion of the G7 summit in Elmau, Bavaria, German government advisors are discussing the significance of the cohesion among the leading western powers. For quite a while, the G7 and G8 have been a sort of global policy “steering committee,” according to a recent analysis published by the German Council on Foreign Relations (DGAP). For the first time in 2008, the global financial crisis compelled the G8 to include other industrial and emerging countries in global consultations in the framework of the G20. By setting the agenda for the G20, the G7 seeks to safeguard its “leadership role” in global policy. At the same time, in Berlin one hears that Russia’s exclusion cannot be permanently advantageous. Since its exclusion, Moscow has become even more engaged in the BRICS alliance. Commenting on BRICS’ aims, experts write that its members are striving to “pit their collective political clout against the North’s claims of its superiority.” In a few weeks, BRICS will decide on operative steps in establishing a New Development Bank. As an alternative to the World Bank, it should become operational by the end of the year. Steps are also planned to undermine the US Dollar’s hegemony.

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