My article for Jacobin (my original title was the one here) on the so-called hydrocarbon dollar thesis, and the notion that if the oil is priced in some other currency it will signal the end of the key position of the dollar. The foundation of the international monetary system lies in what John Brewer called the Fiscal-Military State. At any rate, the whole piece is available here. This builds on the work of Conceição Tavares, cited in the final published version, and several of her disciples at UFRJ, including José Luis Fiori, Carlos Medeiros and Franklin Serrano. Some of the citations and endnotes for my piece needed to be cut.
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