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by mannyv 696 days ago
The dollar is the reserve currency because there are no viable alternatives.

It’s not about imperialism or hegemony, which are fashionable reasons used by the poor. It’s literally because there are no alternatives.

The US also is in the unique position of stabilizing the entire world financial system, something it does on an occasional basis. I’m not sure you understand what the price of financial chaos is, but it generally involves massive amounts of human suffering.

As an aside, imperialism is generally better than anarchy. Ask Libyans and Somalians how anarchy is working out for them.