Stepping Aside (I): The West is no longer The West.

As the El País newspaper declared a few days ago, this moment might be regarded in the future as the time when the whole West took a step aside, to let the famous BRICs and other emerging countries pass it by. This is what westerners should be getting worried about. It's not taking care about a temporary crisis as one might think this one is. It's about been present in one of those historical moments when the world does change.
It's been discussed lately that there were negotiations between the western "powers" and those BRICs, which were heading towards a "rescue" by the latter group to the former. Odd as it may look like, it's yet in the interest of those emerging countries to delay the fall of the current powers, as long as a great part of their growth is due to the pull that exports do to their economies. They must keep on developing their internal markets, which will gradually substitute the external sector as a motor of the economy. In the meantime, they must back up the EU, and to some extent, the USA. China holds such a huge amount of currency reserves in dollars and euros that they just cannot let those economies fall, and they can at the same time take advantage of that fact. Using those reserves to help recapitalize european banks might be done through simple adquisitions. That would give them more power, would balance the financial sector, and would also give a use to those inmense reserves. In any case, the future can be dictated by them.