askchapo

22836 readers

200 users here now

Ask Hexbear is the place to ask and answer ~~thought-provoking~~ questions.

Rules:

Posts must ask a question.
If the question asked is serious, answer seriously.
Questions where you want to learn more about socialism are allowed, but questions in bad faith are not.
Try !feedback@hexbear.net if you're having questions about regarding moderation, site policy, the site itself, development, volunteering or the mod team.

founded 4 years ago

MODERATORS

PorkrollPosadist@hexbear.net

replaceable@hexbear.net

VILenin@hexbear.net

EmmaGoldman@hexbear.net

SexUnderSocialism@hexbear.net

ZoomeristLeninist@hexbear.net

khizuo@hexbear.net

Sulvor@hexbear.net

Is the petrodollar the main mechanism for exploiting the Global South? (hexbear.net)

submitted 1 month ago by FunkyStuff@hexbear.net to c/askchapo@hexbear.net

0 comments fedilink hide all child comments

My mental model is: The US dollar is the world reserve currency mainly because every country needs oil and they need dollars to buy it. The fact that the US dollar is so desired means the US can basically go into infinite debt and it's nbd because they can simply force everyone to keep giving up their resources and labor in exchange for oil via US dollars.

Is this model correct? If I'm wrong, what should I read to expand on this?

no comments (yet)

sorted by: hot top controversial new old

there doesn't seem to be anything here