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

The Great Simplification with Nate Hagens

CHAPTER

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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