Monetary Imperialism

Monetary Imperialism

In theory, the global financial system is supposed to help every country gain. Mainstream teaching of international finance, trade and €œforeign aid€ (defined simply as any government credit) depicts an almost utopian system uplifting all countries, not stripping their assets and imposing austerity. The reality since World War I is that the United States has taken the lead in shaping the international financial system to promote gains for its own bankers, farm exporters, its oil and gas sector, and buyers of foreign resources – and most of all, to collect on debts owed to it.
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