Demystifying the Petrodollar Scheme with Alex Gladstein (WiM082)
The "What is Money?" Show
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The benefits of dollar premacy accrue mainly to financial institutions and big businesses, but the costs are generally borne by the workers. Continued dollar hegiminy threatens to deepen inequality as well as political polarization. Corporations and acid owners have benefited most in the system's low interest rate environment,. As fagin and lusder argue, in the class politics of the dollar system. Dollar premacy feeds a growing american trade deficit that shifts the country's economy toward the accumulation of rents rather than the th of productivity.
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