What happened here?
this post was submitted on 08 Feb 2025
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End of Bretton-Woods allows the US to just export financial capital to the rest of the world at an incredible rate, accelerating imperialism to a new stage where production inside the core is much less important.
this is the correct answer. the floating fiat currencies allowed printing to skyrocket in every country with a central bank. and the people closest to the central bank benefited the most from this practice (the US federal reserve has stated this), which allows them to acquire hard assets while the lower classes must compete over fewer resources with an inflating currency.
creating Bretton-Woods was a silver lining after the great depression and WW2, ridiculous the US broke the agreement