Geopolitical Economy Report cover image

Economists Radhika Desai & Michael Hudson explain multipolarity, decline of US hegemony

Geopolitical Economy Report

CHAPTER

Implications of the US debt bubble and China's success in managing debt

This chapter discusses the implications of the US debt bubble and China's success in managing debt through their socialist system. It explores the differences in handling debt and financialization between the two countries and touches on de-dollarization and the rise of the Chinese currency.

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