The American Plan

Time  was, not so long ago,  when the decline of the dollar was seen as the end of  "US hegemony," and the re-ascent of Europe, as if there ever had been, or is, an unified entity called "Europe."   The dollar's depreciation was supposed to be an indication of Europe's, as if there ever was single economic unit called "Europe," emerging rivalry, more than rivalry, superiority, to the US's capitalism.

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