The list of countries that actively supported the Ukraine was so pathetic and embarrassing that you would think it was a bad joke. It is like you gathered a team of super villains but they were actually homeless people in costumes.
>global trade and financial markets being fully dependent on the forbearance of Washington - that sort of thing.
This feels very disingenuous. Nothings stops those countries from adopting a demurrage currency and outcompeting the US-aligned systems. Of course there is a reason why they don't do that, because demurrage has anti corruption properties. You can't just stash the money you obtained through corruption and maintain purchasing power and extort interest against the will of the rest of the population. Since capital gains approach zero and monopolies can't form, the only way you can keep your wealth is through honest work. Of course I am also assuming a land value tax.
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This feels very disingenuous. Nothings stops those countries from adopting a demurrage currency and outcompeting the US-aligned systems.
1. Russia currently can't make its outstanding foreign debt payments, because a large part of it has been cut off from the global financial system. :)
2. There's also the occasional bit of regime change and freedom bombing that comes around when you consider shifting away from, say, the petrodollar. (Maybe? [1])
There is some credit to your point, but it's not at all unassailable, especially from the perspective of the 'other'.
[1] I'm not entirely sold on the claims for a strong causal link between the two, but it does seem like a somewhat weird sort of coincidence.
>global trade and financial markets being fully dependent on the forbearance of Washington - that sort of thing.
This feels very disingenuous. Nothings stops those countries from adopting a demurrage currency and outcompeting the US-aligned systems. Of course there is a reason why they don't do that, because demurrage has anti corruption properties. You can't just stash the money you obtained through corruption and maintain purchasing power and extort interest against the will of the rest of the population. Since capital gains approach zero and monopolies can't form, the only way you can keep your wealth is through honest work. Of course I am also assuming a land value tax.