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There is an idea floating around that trade imbalances create global inequality (Trade Wars are Class Wars by Klein & Pettis) and the original sin was adopting the dollar as the reserve currency instead of something like Bancor (https://en.wikipedia.org/wiki/Bancor)

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Interesting, thanks for the pointer! Though, since we're dealing in hypotheticals already: wouldn't the expectation be that whoever gained the upper hand on the world stage would've aimed for de-facto control over whichever currency system was in place anyways?

Yeah, they could just inflate Bancor the same way a country can with their own currency today (i.e, printing dollars) to manage their debts

Tbf it was proposed in a time where globalization was a good thing and there was naive optimism about international organizations!

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