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Why US’s Biggest Internal Problem is Dollar?

March 4, 2024
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Why is de-dollarization happening? Why is the dollar system, widely assumed to be unbeatable, crumbling? Distilling decades of work on the dollar system, including her book, Geopolitical Economy: After US Hegemony, Globalization and Empire, also available in Chinese translation as 地缘政治经济学(在美国霸权全球化和帝国之后)/国外马克思主义和社会主义研究丛书, In Russian translation as Геополитическая экономия: после американской гегемонии, глобализации и империи  and in German Translation as Geopolitische Ökonomie: Die Nachfolgerin von US-amerikanischer Hegemonie, Globalisierung und Imperialismus, and its predecessor, the sterling system, Professor Radhika Desai shows that the de-dollarization rests on two pillars, its external problems and its internal contradictions.