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Sachs Says BRICS Opposes US Unilateralism, Not America

Sachs Says BRICS Opposes US Unilateralism, Not America
BRICS Not Against US, But US Unilateralism: Sachs Backs Dollar Alternative · timesnownews.com

Sachs said BRICS is not trying to fight the United States.

He said BRICS wants countries to work together more fairly.

He described this goal as opposition to US unilateralism.

Unilateralism means one country making decisions without broadly working with others.

Sachs supports creating alternatives to the US dollar.

He said this is mainly because the dollar has been used to enforce US foreign policy.

He believes countries should have other ways to trade when they disagree with the United States.

The article does not say that BRICS wants to completely eliminate the dollar.

Key facts

Main position
BRICS seeks a true multilateral system, according to Sachs.
Relationship with United States
Sachs said BRICS is not an alliance against the United States.
Main criticism
He said BRICS opposes US unilateralism.
Dollar alternatives
Sachs supports alternatives to the US dollar.
Reason for support
He said the United States weaponized the dollar.
Trade proposal
Sachs said countries should have mechanisms to trade outside the dollar when they disagree with US demands.

Quotes

Jeffrey Sachs

Economist commenting on BRICS and international monetary arrangements

“It wants a true multilateral system objectively. It's not saying we're an alliance against the United States. It's saying we are against US unilateralism”
timesnownews.com
“I'm in favour of alternatives to the US dollar, not for technical monetary reasons, but because the US weaponised the dollar”
timesnownews.com

Sources

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