As a result, Hudson sees international tensions growing for the next generation because of America's reckless monetarism, perpetual wars, and extreme wealth gap between super-rich elitists and ordinary workers.
For decades, US companies had a competitive advantage from Washington Consensus rules and Bretton Woods institutions it controls, including the IMF and World Bank, affording America a free lunch to rule by forcing other countries into debt bondage, threatening to bring down the global monetary system if enough of them balk. And, of course, waging imperial wars when financial ones don't work.
So far it has because Europe and Asia lack the political will to establish a new international economic order, so nations producing economic gains can keep them, not let America usurp them to reinforce its "new kind of centralized global planning" - one based on financialization and a US Treasury securities standard, not industrial mechanisms.
In WTO terms, it transfers foreign trade gains from other economies to America, drains their resources overall, promotes dependency, not self-sufficiency, and backs it with hardline militarism and threats of systemic monetary collapse.
Eventually, exploited countries balk about "taxation without representation," a "quid without quo," a free lunch from "the world's payments-surplus nations." The longer America demands it by glutting world economies with dollars, the more likely disadvantaged nations will object, by threatening to withdraw from the IMF, World Bank and WTO.
It's a possibility globalists like George Soros aim to exploit, among other ways through Bretton Woods 2.0 to develop ideas and policies for a new financial world order, elitists like himself control.
George Soros - Billionaire Predatory Investor
His rogue investing is notorious. For example, in 1992, he made a billion dollars sabotaging European monetary policy by attacking the European Rate Mechanism (ERM) through a highly leveraged speculative assault on the British pound, forcing its devaluation and ERM breakup.