RE: Iraq and the rising Euro

["bon moun" <sherrynstan@xxxxxxx>]

I want to strongly endorse a look at Gowan's Dollar-Wall St Regime
thesis, available on the web.  Then a look through the a-list archives,
where this dollar hegemony issue is fleshed out very well.  It suggests
no such simplistic notion that "currency movements cause war and
crisis," and to be that dismissive before seeing what is being said is
an error.

Schematicism is an error as well.

Dollar hegemony is at the very center of US hegemony, and has been since
abandonment of the gold standard and fixed currency exchange rates by
the Nixon administration.  The corresponding linkage of the $US to
petroleum became the basis of neoliberal debt leverage displacing
earlier models of northern domination (imperialism, not currency
movements), and the adoption of the euro as a competing petro-currency
is most certainly a threat.

http://www.gre.ac.uk/~fa03/iwgvt/files/9-gowan.rtf
http://csf.colorado.edu/soc/m-fem/2000/msg00980.html
http://lists.econ.utah.edu/pipermail/a-list/2001-October/016421.html
http://lists.econ.utah.edu/pipermail/a-list/2001-October/016402.html
 etc etc