Tag: global-capitalism

The War Built the Border: Sudan’s Partition Before the Ceasefire

The War Built the Border: Sudan’s Partition Before the Ceasefire This essay argues that Sudan’s threatened partition didn’t begin with Washington’s latest ceasefire proposal. It traces the crisis through British colonial extraction, unequal development, Western creditor power, military accumulation, and the unfinished struggle opened by the December Revolution. As SAF and RSF turned on each other, war hardened front lines into rival economies, institutions, and systems of rule. The ceasefire therefore confronts a division already being built rather than creating it from nothing. Beneath the armies and foreign diplomacy, Sudanese civilian networks continue defending another basis for sovereignty rooted in the people who keep the country alive.

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The Debtor Became the Banker: How America Learned to Rule the World by Owing It Money

Michael Hudson's "Super Imperialism" reveals capitalism's peculiar twist: the U.S. transitioned from a great creditor to a dominant debtor, utilizing its debts as leverage in a world where power dynamics are shifting. Post-World War I, American financial institutions crafted a system that exploited other nations through debt, claiming to promote development while actually enforcing dependency. The contradiction lies in the U.S. controlling the world's currency even as its productive supremacy fades. As the global landscape evolves, the implications of dollar dominance become increasingly tenuous, demanding us to confront a crucial question—who ultimately commands the productive forces that money can influence but not generate?

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Japan Can Shake the Dollar, but It Can’t Set the Rules: The Yen Inside the Dollar Machine

Reuters treats the yen’s violent swings as a market mystery, but the real story runs through the machinery of dollar-centered finance. Japan is a wealthy imperial-core creditor with enormous reserves and U.S. assets, yet its monetary choices remain constrained by U.S. rates, Treasury markets, imported energy, public debt, and capital flows. That dependence is reciprocal but unequal: Japanese instability can hurt Washington even as Tokyo adjusts inside a system it doesn’t command. And the costs travel downward. Workers win raises, then war-driven oil shocks, currency weakness, and inflation threaten to eat them away—turning monetary sovereignty into a class struggle over who pays.

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