Goodbye to the Dollar

The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire — the abandonment of the dollar as the world’s principal reserve currency. Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international finance, trade, diplomacy and war. These nations are quietly dismantling the seven-decade-old alliance with the United States and building alternative systems of bilateral trade. Continue reading

The Real Wall Isn’t at the Border

In the end, what are borders supposed to protect us from? The answer used to be other states, empires or sovereigns. But today, relatively few land borders exist to physically fend off a neighboring power, and countries even cooperate to police the borders they share. Modern borders exist to control something else: the movement of people. They control us. Continue reading

The Global Crisis of Childhood Is Coming Home to Roost

The mistreatment of immigrant children on the border is just a sign of the times. Among U.S. citizens, there is trouble as well. In an ever more unequal society, 21% of children in this country now live below the official poverty line, a rate that is the highest among the world’s richest countries. In 2009, a Department of Justice report found that more than 60% of American children witnessed or were the targets of violence “directly or indirectly.” Won’t such abuse lead to a version of the resentment, anger, and damage that the rest of the world is struggling to contain? Continue reading