Interview: ‘BRICS is attempting to break the dollar’s hegemony’

Source: Scroll.in | Original Published At: 2026-09-18 03:30:00 UTC

Key Points

• Vince Cable argues that Western hegemony is declining and that the future international system will be shaped by the United States, China, and India.
• He says India cannot repeat China's export-led industrialisation model because China's reforms occurred earlier and the West is now more protectionist.
• Cable describes BRICS as a catalyst for independent cross-border payment arrangements that gradually reduce the dollar's dominance.