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PETRODOLLAR

AA Bronson, White Flag #9, Rabbit skin glue, Champagne chalk, raw honey on wool, cotton and metal grommet on linen, 2014

Debt, not war: the logic of hegemonic transition

In 1956, a phone call ended an empire. Not with bombs, but with bonds. Today’s hegemonic transition follows the same logic: power shifts not on battlefields, but through debt, currency and control of financial infrastructure