What is the realistic strategy for “de-dollarisation”?
Instead of the chimera of general “de-dollarisation”, the correct Marxist strategy of development pursued by countries such as China should be taken as the model to be studied.
Economic Analysis
China’s economy is still far out growing the U.S. – contrary to Western media “fake news”
China’s economy, as it heads into 2024, has far outgrown all other major comparable economies. This reality is in total contradiction to claims in the U.S. media.
The U.S. murdered Germany, Japan and the Asian Tigers – now it tries to persuade China to commit suicide
The U.S. knows from its experience in defeating Germany, Japan, and the Asian Tigers that a decisive way to slow a competitors growth rate is to get it to reduce its level of investment. The problem for the U.S. is that it has no means to force China to reduce its level of investment.
Global economic destabilisation is “Made in the U.S.” not “Made in Ukraine”
The facts show clearly that, contrary to propaganda by the United States, it was serious errors in U.S. economic thinking and policy which were the most fundamental factor in destabilising the world economy, not the Ukraine war.
The end of US neo-liberalism – the meaning of Biden’s change in US economic policy
Biden has abandoned 40 years of US neo-liberalism. He is attempting the greatest change in US economic policy since Reagan. This change in economic policy will make the US a more formidable economic competitor to China.
The ‘Anglo-Saxon’ Political Crisis – from Reagan & Thatcher to Trump & Brexit
The following article by John Ross, setting out the economic forces underpinning the current political crises in the US and Britain, was previously published here by Socialist Economic Bulletin.
Every day the media reports deepening political destabilisation gripping both major ‘Anglo Saxon’ countries – the US and UK. Most important for the world, of course, is US political instability where almost daily crises hit the Trump administration – resignation of the President’s Chief of Staff, sacking of the head of the FBI, public attacks by the President on members of his Cabinet, virulent public and even obscene denunciations by the President’s advisers of each other, numerous Congressional investigations, sensational leaks from inside the national security agencies the FBI and CIA, open campaigns by key mass media such as the New York Times and CNN to remove the President etc. This US domestic political instability is clearly tightly intertwined with crises and developments in world politics – US relations with Russia, US disputes over the Iran nuclear deal, differences over US policy to China etc.