The Great Simplification with Nate Hagens cover image

Alex Gladstein: "Debt Colonialism, The Petrodollar, and Bitcoin"

The Great Simplification with Nate Hagens

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The Importance of the International Monetary System

The authors of capital imperialism said something really clear and distinct to me, which makes a lot of sense. People say it very simply, we export inflation. That has been sustained since the age of colonialism through the international monetary system. Is that a byproduct of our decisions or is that a tacit goal of the decisions? It could be one of these path dependency things. We privatize the gains and the losses are held by the commons and the environment.

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