In the beginning of my thinking when I first heard of the word BRICS I would usually think of a known nick-name given to a guy in the township street culture, like that of the Kwaito star by the name of Brics! But yet with in the world political domain it meant a total different story. Perhaps if I were to explain further about the BRICS and how they would practically mean to ordinary public, and most of the people would not know much about the whereabouts of BRICS as the head of states summit, where else in the cooperate industrial sector and business it meant a real big business deliberated upon issues of interests differing on the Geo-socioeconomic impacts; trades man ship and the on the mega financialization developments.
In my typical understanding the BRICS as an acronym literally meant Brazil; Russia; India; China and South Africa as developing and fast developing states economy categorized to suit bureaucratic systems of the world governance. On the 24thMarch 2013 I was one of the fortunate comrades to have gathered at the centre of Durban for the peoples summit as the BRICS from below had kick started, where global civil organizations and other public members were gathered for a forceful one aim in addressing issues of area of same interests within the BRICS countries and most affiliated states. With the G20 summit being the major economic policy maker, the BRICS was then emerged as one of the key fender for developing states and fast developing states. Although most of investments being focused at the identified developing and fast developing states, the BRICS are also perceived as the world economic drive due to the trade obligations and equity values that would best inform decisions of financialization [the mega economic developments].
The ongoing BRICS summit as the 5th one to have been held at the International Conference Centre [ICC] Durban on the 26th and 27th March 2013, and the key focus were more on the implementation of the development bank. Therefore financial capital would be injected into the BRICS states for development and binding foreign direct investments and gained interests. On the other space of civil societies as core affected areas with dynamic challenges, impacts were sought of viewed as issues of same impacts but yet at a different impact rate. A mere concern was for ordinary civil organizations and public members regardless of geographic boundaries, building solidarity for the counter challenging of these impacts. A conclusion there off is that major talks are being deliberated with leaders having to decide upon the majorities’ interest even when the majority is not interested.