Brics... Worth reading to understand their main problem.
Why is the BRICS organization unlikely to achieve anything useful in the future?
According to the document, the BRICS organization is unlikely to achieve anything useful in the future because its members do not agree on anything. The document states that the organization was never founded by its members, but rather by a finance guy who saw an opportunity to invest capital in bond markets in Brazil, Russia, India, and China. The document also notes that over 90% of the capital for the Development Bank formed by the BRICS comes from China, and that the countries involved have little trade with each other.
The document notes that India is a special case and does not like the idea of a global currency, while Russia thinks that everyone should use the ruble. Brazil's foreign policies are described as lacking substance, and the country does not trade with the other BRICS members. South Africa, which hosted a BRICS summit, is pretending to be neutral, and China is seen as having clear, nationalist, and domineering goals. The recent expansion of the organization to include six new members, including Iran, Saudi Arabia, and the United Arab Emirates, guarantees that the organization will be unable to have a meaningful energy policy due to the diametrically opposed positions of its members.
Finally, the document notes that Chinese President Xi Jinping did not see the organization as a useful vehicle and did not attend some of the opening ceremonies.
This is his point tho. I will definitely agree that autocracies simply can't cooperate the same way as democracies do. As simple as that.