Rise and Fall Of The United States Led Neo-Colonial Financial Order: From Bretton Woods To BRICS

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Rise and Fall Of The United States Led Neo-Colonial Financial Order: From Bretton Woods To BRICS

June 14, 2023

Geopolitical Economy Report

Ben Norton discusses the rise and fall of US-led neocolonial financial order, from the 1944 Bretton Woods conference that established the U.S. dollar as the global reserve currency.

To the 1971 Nixon Shock that ended the gold standard, Volcker Shock, the so-called, "Third World" debt crisis, and emergence of neoliberalism.

And finally to the historic growth of China and consolidation of the Global South-led BRICS bloc.

Original: https://youtu.be/XTq9P4avOEk

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johnjff 1 year ago

As a resident of the global south, my sense is that you fail to grasp basic reasons for haplessness of many countries. When people live in places in which those in government value personal wealth and power, suppress free speech, and keep people ignorant/indoctrinated financial self reliance is unlikely to appear even if current debts are forgiven. Yes the US wastes so much wealth on war and the industrial/defense/medical complex. That is topic for another video. Best.

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