{"title":"The Dollar System in a Multi-Polar World","authors":"J. Galbraith","doi":"10.1080/08911916.2022.2139703","DOIUrl":null,"url":null,"abstract":"Abstract The multipolar financial world is here. The architects are not Russia or China, but the hapless strategic leadership of the United States, informed by mainstream economics. The United States can survive it—whereas Europe may not—but only with major political and economic changes at home. These include definancialization and demilitarization, but first and foremost, a willingness to realize that the world has changed and that global hegemony based on neoliberal principles has failed.","PeriodicalId":44784,"journal":{"name":"INTERNATIONAL JOURNAL OF POLITICAL ECONOMY","volume":null,"pages":null},"PeriodicalIF":1.0000,"publicationDate":"2022-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"INTERNATIONAL JOURNAL OF POLITICAL ECONOMY","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/08911916.2022.2139703","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 1
Abstract
Abstract The multipolar financial world is here. The architects are not Russia or China, but the hapless strategic leadership of the United States, informed by mainstream economics. The United States can survive it—whereas Europe may not—but only with major political and economic changes at home. These include definancialization and demilitarization, but first and foremost, a willingness to realize that the world has changed and that global hegemony based on neoliberal principles has failed.
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