The Rise and Fall of US Dollar Supremacy & How Sanctions Backfire w/ Prabhat Patnaik
Rania Khalek- Multipolarity, an overuse of sanctions & the rise of alternative trade arrangements have led to panic about a decline in dollar hegemony. What does this mean?
The power of the dollar sustains U.S. imperialism. But rising multipolarity, an overuse of U.S. sanctions, the rise of alternative trading arrangements that sidestep the dollar, and a very obvious crisis of western capitalism have led to panic about a decline in dollar hegemony. What gives the dollar so much power in the first place?
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