In the current phase of capitalism, control is being executed and power exerted primarily through the financial system. BRICS financial instruments can provide a potential and independent alternative for transactions of trade and investment. This could pose a threat to the current power arrangements and hence the concern and discussion about it.

The BRICS platform (Brazil, Russia, India, China, South Africa) has indeed jolted the global geopolitical landscape. It has the potential for enormous geopolitical and economic influence. However, it is worth noting that the international order is complex and non-linear.

The concerns regarding the BRICS impact on the global system led by the United States and the Western Europe depends on one's perspective. It is commonly argued that BRICS aims at turning the world into multipolar; hence challenging the USA and the Western world. Others term BRICS related to global governance and cooperation.

The rise of the BRICS system introduces changes to the global order; however, it doesn't necessarily imply an immediate threat to the global system led by the United States and the Western Europe. This development calls for due prudence, adaptability, diplomacy, and collaborative frameworks to navigate the evolving dynamics of global order. There is a need to engage more constructively for the collective benefit of the whole international community and the globe. Hope it serves the purpose.

it is not a matter of fear, but of the emerging multipolar global order. The war in Ukraine accelerated the creation of a new global order. Some alliances will fall apart, some alliances will remain, but new alliances will also be formed. Some countries are getting stronger, others are weakening. what the world will look like will be decided by the outcome of the war in Ukraine.