And who were the architects of the current World system? It wasn't the Chinese. America created a system after the Second World War that competed with the Soviet led system. The American system won. In the early seventies, Nixon abandoned the gold standard over the protests of America's closest allies.
All of that has been very conveniently forgotten and I bet you didn't see this coming!
Unfortunately America is too weak to unilaterally create a new system or to retreat to its borders and ignore the rest of the World. The same rules that applied to Latin America in the late 20th century (when they could not pay their debts and defaulted) will also apply to America if nothing is done.
You benefit so much from the current system to abandon it. Oil is sold in dollars, you control the World Bank and the IMF, obtaining credit is easy and American workers are paid way too much in relation to what they produce.
Abandon the current system at your peril.
You’re kind of right, but the miss is monstrous.
We do not control the IMF and the World Bank. They were created by the Fabian Socialists (led by Keynes) at Bretton Woods.
Their goal is the same as the communists: totalitarianism.
They differ only in the method of attaining that goal.
You are confusing who is guilty of what.
There were some Americans who backed this: namely the American communists, American socialists, liberal Democrats, Progressives, and even GOPers who share the same goal.
They are the ones who brought this system to America. Most of America did not agree to it. It was forced on us. The system was designed initially to assure an economic web that would assure mutual economic destruction should any nation seek to make their nation wealthier than the others. Once that was put in place, as it is now, the secondary goal was to create a global currency controlled by a worldwide central bank.
The Fabian Socialists knew that if they could control the money of the world, they could control the world and force their view of Utopia on humanity.
We are very close to seeing the succeed.
But please don’t blame those of us who have fought this march toward totalitarianism even though we are a part of the system. It’s like blaming people who eat for the food poisoning someone else suffers.
The fix is to remove all Statists from office, to return to the roots of limited government that our Founding Fathers created, and to return a truly free-market system.
The above ‘system’ is what led to America’s whirlwind ascent economically in the 19th century. And it was prosperity combined with America’s freedoms that so annoyed the super elite that they financed people such as Marx and his proteges.
Their original goal (which dovetailed perfectly with the later socialists) was first and foremost to destroy the middle class of America, because they were a threat to the ruling elite. They had many approaches to this, one was to destroy the concept of private property. Another was to demonize the history of America through the education system. Another was to take over the media and turn it in to a propaganda machine. Another was to coalesce as many disparate minority groups as possible, bind them together to come to power, and then suppress them while switching allegiance to the norm of the masses.
Does any of this sound familiar?
Some certainly are, but that is a loaded comment. The US has a GDP of ~$14.6T on a population basis of approximately 375M total. Global GDP is ~$62T.
Based on simple math the US which has approximately 6% of the population produces approximately 24% of the global production of goods and services.
Put another way - if the other 6.2 billion people on the plant were as productive as Americans - the global GDP would be on the order of $226T. But they aren't as productive for a host of reasons.
Those envious people in other nations that like to take pot shots at our real warts and shortcomings tend to do so while turning a blind eye to the host of reasons that their nation cannot be as successful.
And they - with all do respect can piss off in my opinion and decline any aid from the US at their option.
THAT was a charade.
The Soviets’ Marxism has been scheduled to be merged with a monopolistic tyrannical global ‘capitalism’ for decades.
They are very close to achieving it overtly as they almost have more thoroughly under the table.