There is clearly a global move away from dependence on the U.S. dollar, which will benefit the BRICS countries and others. But what does the diminishing hegemony of the U.S. dollar mean for the working class?

Lessening U.S. hegemony means that countries in the Global South may have the chance to develop their economies without dependence on the U.S. dollar, the IMF and the World Bank, and the inherent debt cycle which that dependence entails. But that does not mean an end to U.S. [neo]imperialism or capitalism as we know it. It is a setback for U.S. [neo]imperialism but not a defeat.

The end of U.S. hegemony creates conditions for the global working class to break with [neo]imperialism and for the working class to rise up and carry out its historic rôle.

However, defeating U.S. [neo]imperialism and capitalism will take serious, revolutionary intervention by the global working class.

  • @Lemmy_Mouse
    link
    611 months ago

    It will mean crisis and opportunity. Our class’ position will be determined first by our level of organization and solidarity within such organization. We have many new unions however we lack solidarity. Inter-connected strikes are non-existent, there is no united gathering of representatives of unions to discuss and agree upon action in response to challenges we face today and the pursuit of our interests. As well we have no proletarian-controlled radical mass party. The closest thing we have is still recovering from the latest assault on it by the state. In short terms, we aren’t ready yet. Changes are happening very slowly, however all moves within proportion to the economy. As so, yes our unions are inexperienced, however the radicalism is there and the US economic crisis of which we are in the beginning stages of will not end in a short time. So even though we are unlikely to seize this current opportunity, I would not write off our class in this fight just yet.