5min chapter

The "What is Money?" Show cover image

Bitcoin as the Resistance to Hidden Repression with Alex Gladstein (WiM318)

The "What is Money?" Show

CHAPTER

The Problem With the International Monetary System

The Bretton Woods pillars that were set up in 44 are siphoning resources to the West. Half of our resources come from the global South and a third of our labor, roughly. What you're starting to see is like a fracturing of the neoliberal dollar hegemonic system. Every time we lose control over the periphery of the world, we have crisis at home. We've seen this happen before; it doesn't really repeat but it does run again.

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