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Why is the global majority trapped in cycles of underdevelopment, unequal trade, and digital subjugation while transnational monopolies dominate the 21st-century knowledge commons?

In this exclusive Think BRICS interview, we sit down with leading academic Rasigan Maharajh to uncover the real reason the global south is still poor (and how BRICS can fix it). Why the Global South is Still Poor (And How BRICS Can Break the Monopoly) demands an unvarnished examination of systemic marginalization, technological sovereignty, and intellectual property regimes that stifle genuine economic development across developing countries. Professor Maharajh breaks down how historical wealth extraction, unequal exchange, raw material dependence, and debt mechanisms prevent sovereign industrial advancement.

As the world economy fractures into a multipolar world, we analyze how BRICS and BRICS expansion create unprecedented leverage to challenge western information dominance, rebuild communication infrastructures, and cultivate grassroots critical thinking across Africa and the global south economy. Through strategic institutional pushback, the New Development Bank, and collaborative multilateral frameworks, BRICS emerges as a vital counterweight capable of opening shared knowledge, dismantling neo-colonial enclosures, and reclaiming authentic agency for the majority of humanity.

While this discussion explores how BRICS can fix it through institutional reform and media independence, it does not offer financial investment advice, currency exchange forecasts, or specific day-trading strategies. It does not provide an exhaustive clause-by-clause review of recent BRICS summit communiqués, nor does it debate technical banking settlement rails for immediate dedollarization mechanisms.

Furthermore, it does not detail specific project loan allocations from the New Development Bank, microeconomic policies of individual member states, or internal administrative governance reforms of the IMF World Bank apparatus. Instead, this Think BRICS dialogue centers strictly on geopolitical critique, intellectual property barriers, technological sovereignty, and strategic structural independence.

#GlobalSouth #BRICS #Geopolitics

00:00 – Why the Global South is Still Poor: Technological Sovereignty Explained
00:40 – Breaking Neo-Colonial Trade: Africa’s Agency in the World Economy
01:54 – Unequal Exchange & Raw Material Traps in Developing Countries
02:24 – Intellectual Property Regimes: How Western Monopolies Block Economic Development
03:52 – Pandemic Profits vs Public Health: Transnational Corporate Control
04:10 – How BRICS Can Fix It: Reclaiming the Global Knowledge Commons
05:23 – Countering Western Media Hegemony: Fostering Critical Thinking in a Multipolar World
06:40 – Information Blockades & Institutional Censorship Across the Global South
08:18 – Grassroots Digital Empowerment: From Media Consumers to Media Creators
09:12 – Strategic Autonomy for t

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Transcript
00:00Today we are tackling a hot topic in the Global South, technological sovereignty and media
00:07infrastructures.
00:08We are joined by an expert academic and a friend of our channel, Professor Razigham Maharaj,
00:14Professor of Public Affairs and member of the Academy of Sciences of South Africa.
00:20Welcome back to Finbricks.
00:22Thank you very much.
00:24Well, let's go straight to the point.
00:27You say, Africa must be a subject, not an object of knowledge.
00:34What does technological sovereignty mean in practice of Bricks and the Global South?
00:39So by that, we really need to accept that all acronyms have agency.
00:48In other words, it's through their actions that the world around us is created.
00:52Once we accept that, we also accept there's a responsibility attached to that agency itself.
00:59Within this, world systems have operated to the extent that the marginalization of Africa
01:05has been perpetuated institutionally.
01:09It's not because myself as an African doesn't want to develop.
01:13It's because the array of institutions thrown at us reduces our capacity to do that.
01:20So a key part is, with respect to Africa itself, not only gaining control over science, but the
01:28contribution to science being recognized as such.
01:31Africa is not objectified to the extent that it is seen as a place of despair.
01:42We live ordinary lives like the rest of the world.
01:45We are confronted by similar challenges itself.
01:48But what's critically important is the institutional burdens that have been placed upon us.
01:54These include issues of indebtedness.
01:57These include issues of unbeefal exchange that's perpetuated through trade agreements, et cetera, whereby
02:04Africa, up to the 21st century, continues to export raw materials and import value-added finished goods.
02:13When this changes, the world will at least start moving towards equity on a basis that's sustainable and enduring.
02:24You criticize intellectual property rules that block industrial development.
02:29Can you explain a little bit more what's your position?
02:33So, our world is premised on our ability to produce things.
02:38On our ability to produce things, we draw upon a global knowledge confidence.
02:43This is our legacy, what we inherit from our ancestors.
02:48All the way from us, martial military power to control fire, right through to us writing
02:55code that comes to us as artificial intelligence today.
02:59In all these processes, people from Africa have been to power differently.
03:04But their recognition thereof has been very slant.
03:10What we have seen, very much like how capitalism evolved in Western Europe, a key component was the enclosure of
03:18common lands.
03:19We all know that in the stories.
03:21What we are seeing now, as we move into the second quarter of the 21st century, is a similar move
03:27towards the enclosure over our intellectual space.
03:31And this is done through intellectual property regimes.
03:35These regimes don't seek to widen the diffusion of new ideas through technological artifacts.
03:43What they do is constrain and put in place the privilege of needing to pay first.
03:51When you are faced with the challenge like for example a global pandemic, you would expect our first response is
03:59how to save lives.
04:00That's how to save the balance sheets that bought the lives of parts of national corporations that own the intellectual
04:07property rights itself.
04:10Do you think that BRICS should build its own knowledge commerce?
04:16Yes.
04:17What's the first step to do that?
04:20So, within this perspective, I think us appreciating the fact that BRICS represents, to a large extent, the world majority
04:29at present.
04:30Towards that end, we live in a global community of 8.3 billion of us.
04:37Within this, as we mentioned before, our knowledge has been brought together.
04:43It has been collectivized, to some extent socialized.
04:47But, the appropriation of the benefit has been specifically through institutions steered towards this global minority that largely exists in
04:58those countries.
05:01Towards that end, I am not so sure BRICS wants to or has the capacity of creating an autonomous knowledge
05:08system.
05:09But, what BRICS can do is challenge those that continue to maintain very high fences around property inside, and open
05:19that up so that we all benefit from it.
05:23We attended an event called Dialogue About Fakes.
05:28Oh.
05:29Of Fakes.
05:29Fakes.
05:30Dialogue About Fakes 4.0.
05:33Okay.
05:33Event here in Moscow.
05:36One key takeaway from that event was that to beat Western fake news, we shouldn't just build counter-information.
05:45We need to stimulate critical thinking.
05:48Absolutely.
05:50Do you agree with that?
05:51So, I think there is an element of truth embedded within what's being.
05:56And, I mean, the clearest example is what all of us as humanity have been assailed with for the last
06:03three years.
06:04We've watched genocide take place in front of our eyes.
06:07But, in terms of our agency to respond, it's been muted.
06:11But, other than BRICS countries, as an example, very few other multilateral or transnational agglomerations have actually spoken out as
06:22firmly against what's taking place in the United States.
06:25So, our ability to critically analyze needs a filter.
06:30And that filter itself should prevent us from getting locked into the kind of self-fulfilling prophecies.
06:40How can Global South or Global Majority even build media that doesn't just replace one narrative with another, but genuinely
06:52empowers people to think?
06:55So, I think, again, we need to learn from history.
06:59So, we've had many examples of attempts at international responses to the dominance of certain media outlets.
07:08This is all the way back to the Soviet system.
07:12We've seen it with Chavez and Telesur, but we've not seen that gain the momentum that we would like to
07:19see.
07:20As an example, I'm a citizen of South Africa.
07:24Officially, I do not watch RT.
07:27Why?
07:27Because our feed of RT comes through Europe, and Europe blocks its transmission.
07:32We all watch RT because we have the internet.
07:35But, you see, that step institution prevents it from being mainstreamed.
07:41So, I do agree with the component that we need to be more active in responding.
07:46Part and parcel of that is widening the spread of information sources.
07:51And as a consequence of that, if we widen that, we bring in the diversity that constitutes the work.
07:57A minority cannot continue to maintain its power itself.
08:01We've seen that South Africa is the clearest example.
08:04The 350 years of racial discrimination, the country was able to transcend that.
08:11And during those times itself, we were fed with information developed from a grassroots perspective now.
08:18And that's where I think increasingly, especially amongst the younger people,
08:21we should not be negative about the way in which media is being used by them and created by them.
08:28It's a smaller attention span that maybe my generation we are more accustomed to.
08:33But those offer bites, and I use that specifically, of the future that's coming at us.
08:40Our ability to respond rapidly to the vast array of information requires a level of schooling that may not be
08:48the same that we've inherited.
08:50These institutions itself.
08:53Towards that end, more should be done towards breaking, if you'd call it the strictures of the current education system,
09:01encouraging a wider diversity of that.
09:04But most importantly, empowering people not only to be the consumers of media, but also to be the producers of
09:11media.
09:11Absolutely right.
09:12Thank you very much, Professor.
09:14It was a pleasure of always.
09:15Absolutely.

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