The collapse of US dollar dominance would in a way also be an ideological shock to US economists from the MAGA Right to the Marxist Left whose worldview is structured around critiques of supposedly immovable US hegemony
Comments
Log in with your Bluesky account to leave a comment
Marx provides the analytical tools to regard hegemony as temporary. However, self-described western Marxists tend to deny the agency of non-American actors and regard the global preeminence of the US as a state as virtually synonymous with the global preeminence of capitalism as a system.
“Immovable you say?” — Trump is really a mad scientist who is doing this to teach everyone a lesson, because simply explaining it all wouldn’t work for all us simpletons. 👍
If you are an American Exceptionalist, then you either have to be the *best* or the *worst* country in the world.
To be just another average big country is the worst fate of all.
Comments
When it falls even its most fervent critics within the imperial centre struggle to adapt to a different future
To be just another average big country is the worst fate of all.
But I know that the British Empire fell.