1 Comment
⭠ Return to thread

An interesting analysis of how the US kind of "backed into" its central position where international debts are concerned. A rather less sympathetic narrative can be found in Michael Hudson's "Super Imperialism: The Economic Strategy of American Empire, Third Edition" (the first edition of which came out in 1972) or the early chapters of his "The Destiny of Civilization: Finance Capitalism, Industrial Capitalism or Socialism" published in 2022.

Expand full comment