Understanding money and the dollar system's contradictions with Radhika Desai & Michael Hudson
Geopolitical Economy Report
00:00
Is Money a Commodity?
capitalism needs to impose upon the functioning of money some commodity type dynamics, particularly by making it artificially scarce. So for most ordinary people, money has to be kept scarce. In fact, in capitalism, we will not see a world state. Precisely because of that, there is no world money which has a big implication for our eyes for understanding the dollar's world role.
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