The motives of those who no longer wants the dollar as the reference currency

Now that the deal that averted a U.S. default has been reached , it remains at international level , in addition to the great fear of what might be , the position of China, which has repeatedly pointed out in recent days, as the U.S. currency is not is more reliable as a divided world and needs to be replaced . In the rush to follow the American story , fortunately ended in a positive manner , international analysts have not given due importance to the Chinese statements , which confirm the intentions of Beijing to undermine the global economic supremacy , albeit shaky , still the preserve of Washington. From a purely economic point of view, the reasons for China to propose an alternative currency for the global market are not unfounded , the risk that the world economy has going on these days , among other things, paying heavily in terms of lowering the value of financial markets, then partly recovered, was very high , with consequences that could bring down the entire world system. The connection with the increasing political instability , given the growing political clout of the Tea Party, with the American economy , is a relatively new in U.S. history , but that from now on you must consider . It can not be excluded in the future, a possible repetition of what happened until yesterday, but with different outcomes . However finding an alternative to the U.S. currency is , at the moment, impossible. If prior to the crisis we are experiencing could aspire to the euro instead of the dollar , the fragility of the single European currency puts him in a state of even higher risk of the U.S. dollar and other currencies there are , for different reasons , that may be taken into consideration. So far the analysis , albeit brief , of a technical nature , but what should be noted is the starting point of the analysis Chinese politics . If the U.S. system presented a high- side weakness, remains , with all its faults , a democracy, where even the odd reasons the Tea Party have a right of citizenship. Of course in a situation of strict controls as an illiberal regime , there is only China , the lower cost of political decisions is a reflection certainly safer on the economic effects , providing a stability that a democracy can never provide. This consists of the formal defect analysis of China, which also includes geopolitical aims , but mainly contends that the negative influences of too much freedom on the economic aspect of a political system . It is , after all, the foundation of the Chinese system , marked by a political dirigisme , which is adapted to globalization chameleon , indeed , becoming one of the leading interpreters , depending on the result. If , therefore, in a sense , setting the vision and Chinese are understandable, though certainly not acceptable, relative to the historical path of the country , it is less the increasing share this point of view that is gaining in countries of young democracy , including including several in Eastern Europe , belonging to the former Soviet empire , or even in financial and industrial organizations , who perceive more and more the weakness of the political system as a threat to economic stability and thus to some extent expendable , ultimately , to the altar of mere gain . It must be said that democratic systems have flaws , that the extreme situations of recent times are opening up further and that, therefore, must contain in themselves the tools to regenerate and overcome these unexpected , otherwise it is the task of the legislative bodies adopt immediately of these devices to ensure the preservation of democracy , without any sacrifice to economic reasons. However, the need of financial resources for the sustenance of the state itself , can impose dangerous situations of compromise that would generate dangerous intrusions. The Chinese view is shared by several men tacitly finance and industry , who would see it as a blessing even more stringent standards of democratic debate and here to elaborate fewer rights and safety for the workers. Moreover, the economic strength of China is based only on the elasticity in favor of employers in dealing with those who are in that reality true subordinates. The result is a more distributed wealth and well-being shared, but only the highest inequality , which , though in the end, can only bring the system to collapse . Among other things, it is this , the social imbalance , a cause of the current crisis . So behind the fake banality of the problem on the reference currency , shake a crucial debate for the social development of the whole world .