Activity

convince German voters that monetary union was Germanizing France and exporting Teutonic discipline to Latin Europe, turning grasshoppers into ants rather than importing French sloth into Germany

the libretto of France's defeat had been written back in 1983

[...] The gold standard was underpinned by the idea of depoliticizing money by linking its quantity to the amount of gold--a metal that politicians could not conjure up from thin air since it was provided exogenously by nature. Today the same fantasy of apolitical money can be foudn not just in the…

Financialization, as we now call this process, was the critical by-product of maintaining and enhancing US dominance on the back of increasing trade imbalances and in the interest of financing America's ever-expanding twin deficits.