Lew Rockwell weighs in on the American state’s recent capitulation on the Asian Infrastructure Investment Bank. The Obama administration has been staunchly against the new institution, fearing it might fuel de-dollarization and some day compete with the WB and IMF. However, after numerous US allies decided to work with the AIIB, the US suddenly decided it could live with the AIIB.
Rockwell notes: “I don’t think so-called [government] ‘investment’ of this sort is actually good for the world, but given that these things exist, it’s better that they be decentralized, and not just only one of them.”
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