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In 1971, economist Nicholas Kaldor predicted the current problems we see arising from the American trade and payment system under the post-Bretton Woods dollar arrangement.(lemmy.ml)

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☆ Yσɠƚԋσʂ ☆@lemmy.mlOP
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While we should be careful making historical comparisons like that, there are many parallels. I find I like to look at this in terms of selection pressures. Once you see what factors are driving behavior it becomes clear where things are headed.

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A sub for discussing Marxist economics and how the bourgeois economists did us dirty.

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