TinDrum

RE: https://aus.social/@oscarjiminy/116366191579616446

This's really an extraordinarily good piece by Mona Ali

'Suez did not quite mark the end of an era. Rather, it was the moment when the transition from sterling to dollar hegemony first became visible. Much the same is true of Hormuz. The question is: what is the next order going to look like?'

#history #petroYuan #petroDollar #hegemony

Apr 8 at 12:36amWeb
Show threadTinDrum1d ago
'China is the emerging power centre. Since 2022, its foreign investment in clean technology has surged and now stretches across 50 countries; the scale and ambition make comparisons to the Marshall Plan seem anachronistic. A majority of this green manufacturing occurs in Southeast Asia; it is also rapidly growing in the Middle East and North Africa. All these regions increasingly rely on Chinese financing and technical know-how'