I was recently in a conversation with a self-described MagaCommunist who held the position that the primary contradiction in the USA was that the financial owning class owned all of the means of production and that the contradictions of settler colonialism were secondary and could only be resolved through a workers’ state.
I realized that I hold the position that settler colonialism is the primary contradiction in the USA, but I also found that I struggled to articulate it effectively. I’m looking for your own thoughts or writings that I can study to learn more on this topic.
Countries all over the world need to mantain trade surpluses (value $ of export more than import) in order to get dollars in order to pay debt or buy other commodities, like oil from saudi arabia (which explicitly only sells it on USD, aka the petrodollar).
Who produces the dollars? The US. So basically the US can mantains this insane trade deficit (value $ of import more than export) because they literally have the ability to print the international reserve currency and the currency does not super hyper inflation because of the high demand worldwide, any currency would collapse in a minute with a trade deficit like the US.
So the USD losing its global status would mean that the US can no longer import as much commodities as they do, theyd need to start producing much much more commodities to balance their international trade.
In order to produce more commodities, more productive blue collar workers will be needed instead of the non-productice finance white collar bs.