The illusion of Western liberal rules-based order was already shattered when the US confiscated $300 billion of Russia’s foreign reserves in 2022.
Everyone back then said “the trust of the dollar has been broken”, nobody’s going to trust the US again. That’s completely correct, and what has been unveiled instead is that US imperialism is never run on “trust” or “rules”, but on coercion.
The dollar hegemony remains unbroken because there is no alternative to the dollar system, and as long as there is no alternative and challenge to it (to be fair, the Europeans tried, and look how the US properly disciplined the EU), everyone will have to play by the rules set by the US. There is no Soviet Union to save us this time.
The illusion of Western liberal rules-based order was already shattered when the US confiscated $300 billion of Russia’s foreign reserves in 2022.
Most people I know who aren’t leftists don’t see it that way. They’ve been brainwashed into thinking that Russia is some uniquely evil antagonist to the supposed rules based international order. It’s really easy to provide counter-examples but they’ve also been conditioned to buy into imperialist thought relatively uncritically as long as it’s a liberal eurocentric imperialism. After all, the US ruling class are just an even more self-righteous flavor of the european ruling class.
The illusion of Western liberal rules-based order was already shattered when the US confiscated $300 billion of Russia’s foreign reserves in 2022.
Everyone back then said “the trust of the dollar has been broken”, nobody’s going to trust the US again. That’s completely correct, and what has been unveiled instead is that US imperialism is never run on “trust” or “rules”, but on coercion.
So, guess what, nearly three years later, the foreign treasury holdings in the US has reached an all-time peak in 2024 at $8.5 trillion! Despite the blatant “stealing” of Russia’s foreign reserves, foreign countries still continue to buy US treasuries like it is the most precious asset in the world.
The dollar hegemony remains unbroken because there is no alternative to the dollar system, and as long as there is no alternative and challenge to it (to be fair, the Europeans tried, and look how the US properly disciplined the EU), everyone will have to play by the rules set by the US. There is no Soviet Union to save us this time.
Most people I know who aren’t leftists don’t see it that way. They’ve been brainwashed into thinking that Russia is some uniquely evil antagonist to the supposed rules based international order. It’s really easy to provide counter-examples but they’ve also been conditioned to buy into imperialist thought relatively uncritically as long as it’s a liberal eurocentric imperialism. After all, the US ruling class are just an even more self-righteous flavor of the european ruling class.
Yeahh, you’re right ofc, anyone who was paying attention already saw through this lol
But it does make you pay attention when the US invades your country which would be new for many/most of the imperial core residents of