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Politics Theory Other

Macrodose - Dedollarisation, Bretton Woods III, and a global wealth tax?

Jan 25, 2023
Nobel Prize-winning economist Joseph Stiglitz discusses the shift away from the dominance of the US dollar, implications for US economic power, and the need to tackle wealth inequality. The podcast explores the concept of Bretton Woods III, challenges to US economic dominance, and debates on implementing a global wealth tax and a 70% top rate of income tax.
14:36

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Quick takeaways

  • Global economy moving away from US dollar, potential challenge to US hegemony.
  • Transition to Bretton Woods III and advocacy for global wealth tax signal shifts in global economics.

Deep dives

Global Economic Shifts: Countries Moving Away from Dollar Dominance

Recent news indicates significant shifts in the global economy away from the dominance of the US dollar. Saudi Arabia considering selling oil in non-dollar currency could reshape the oil trading landscape. Similarly, Brazil and Argentina planning a new trade currency called the SEER suggest a move towards alternatives to the dollar system. These developments reflect a trend of major economies distancing themselves from the dollar-led global order, potentially challenging US economic hegemony.

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