Alex Gladstein: "Debt Colonialism, The Petrodollar, and Bitcoin"
The Great Simplification with Nate Hagens
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Capital and Imperialism
There's really two layers here of financial privilege. One is the salaries and GDP per capita and income. The second is in parallel, living in a country that has its own reserve currency. I think our financial privilege is temporary. It comes in waves. Every time the West pulls back from power over the rest of the world, we have economic crises. This absolutely crushes the global South, absolutely crushes. In the last 18 months, you're seeing both monetary collapse and political collapse all across the globe. Government's are being toppled; IMF having to come into bailout. There's a parallel to climate change and environmental movement. We don't include the externalities of price of our things
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