Currency Hierarchies and Global Power Dynamics

This chapter delves into the hierarchical structure of international monetary systems, emphasizing the dominance of core countries like the US and the challenges faced by peripheral countries reliant on core currencies. It explores the impact of currency hierarchies on global power dynamics, resource flows, and ecological crises, highlighting the perpetual struggle of peripheral countries to earn US dollars for trade and debt repayments. The conversation also touches on proposals for financing developing nations, the connection between monetary and ecological hierarchies, and China's shifting role within the international monetary system.