Greece’s former Finance Minister Yanis Varoufakis explains the US system of “neo-imperialism” based on the dollar, an “IOU issued by the hegemon”, which finances a huge trade deficit by letting foreign capitalists “extract colossal surplus value from their workers and then stash it away in America’s rentier economy”.
I believe it was also because they’re expanding, namely with two economics Radhika Desai and Michael Hudson. They have a new series on geopolitical economy, as Norton felt there was not enough focus on the material reasons for the global shift we are seeing and the economics behind it.
i listened to them on danny haiphong, very eye opening