Fight Like Hell - Tumblr Posts
That's hardly a certainty. Dollar dominance allows the US to sustain a huge imbalance of imports, which helps keep the treats flowing to the ruling class. If the stream of exploitated foreign workers dries up, the next place the ruling class will look is to intensify the exploitation of domestic workers. The economic turmoil from the US losing its hegemony might present an opportunity to advance workers' rights, but it sure as hell doesn't guarantee that it will happen.
"We could do it forever" says Michael O'Hanlon of the Brookings Institution, "it's not economically unsustainable, but it's probably politically unsustainable."
Sickening words from Brookings Institution Political Elites who think wasting $113 Billion is a great deal for Americans, even as the govt offers only $700 a person to the handful of survivors of the Lahaina Wildfires, even after losing their homes, cars, jobs, pets, personal and sentimental items, and even their entire families. It was yet another easily preventable, predictable disaster our government did nothing to prevent, and is actively opening the door to giant corporations to rape the resources of Maui and use the disaster to gentrify the island and displace Working Class Natives.
Meanwhile, our fully corrupt Political Elite brag about the destruction of Ukraine, claiming it's the best deal in history to have tens of thousands of Ukrainians dying so America can weaken its adversary Russia.
However, anyone taking one look at the current Geopolitical situation can see the rise of a Multipolar world, with rising Powers aligning to undermine US imperialism.
As these BRICS countries and their allies integrate economically, and as that integration increasingly degrades US Dollar dominance, US debts will begin to result in stubbornly high inflation that cannot be stifled using Washington's traditional tools of raising interest rates and stifling Working and Middle Class demand.
The American people will take the hit as Political Elites in the US refuse to subsidize Workers, guarantee them jobs, or raise the minimum wage to keep up with inflation.
But in the long run, this is good even for US Workers. The degradation of US Dollar dominance will mean US legislators will eventually have to begin to live within their means. Profligate spending on Military bases all across the globe and maintaining Global Empire will become next to impossible, and money can begin to return to the US to be invested at home instead of for foreign wars that only help US Capitalist Elites at the expense of Working people.
