Close Trump allies like Steve Bannon say "the president is pissed every time he looks at the BRICS dedollarization effort". The US fears the Global South challenge to the dollar's exorbitant privilege
When has any global standard ever been elected. What process even exists to do so.
The whole idea that some other nation gaining power post ww2 being more democratic is just crap
The pre WW2 world was far from some democratic ideal. The US just took over from Europe’s fiscal control using exactly the same techniques. Just as the UK took over from Spain etc.
Is it shitty yes. But the idea that if any of these nations sat back. Some peaceful agreement between waring nations would have evolved. Is just fantasy. It is looking back with a modern mindset that simply did not exist in any power regime at the time.
Feared not respected. The dollar standard was imposed, not elected.
When has any global standard ever been elected. What process even exists to do so.
The whole idea that some other nation gaining power post ww2 being more democratic is just crap
The pre WW2 world was far from some democratic ideal. The US just took over from Europe’s fiscal control using exactly the same techniques. Just as the UK took over from Spain etc.
Is it shitty yes. But the idea that if any of these nations sat back. Some peaceful agreement between waring nations would have evolved. Is just fantasy. It is looking back with a modern mindset that simply did not exist in any power regime at the time.