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The petrodollar system requires constant global dollar demand to function. Oil priced in dollars creates that demand. Debt expansion depends on it. The system only survives as long as participation is enforced.
You don’t need a conspiracy.
You just need incentives.
“Why don’t libertarian ideas ever catch on?”
The answer is: most people are stupid.
In a libertarian society, stupidity is punished at the individual level. Under statism, stupidity is cushioned & the costs are redistributed collectively.
Bad loan? Bailout. Bad diet? Regulate the food. Bad investment? Print more money. In other words, the state rewards the stupid, and because the state makes stupidity less costly, people indulge in more of it.
Lbertarianism is a hard sell because it offends the fundamental instinct of most people: the desire to be protected from their own retardation.