The end of World War II marked the post-war recovery of the global economy, and from this emerged two ideas about the rules of the global economy: the White Plan, which proposed dollarization and led to the creation of the IMF, and Keynes' proposal, which offered the Bancor as a currency without a state. We already know who won this proposal, with White being chosen for promoting the dollar as the global currency. It is clear why White's proposal emerged victorious, as there were indeed parties with a clear interest in dominating the global order.

This is not a fairy tale, nor is it a negative perspective on the establishment of the IMF, which remains the global economic regulator to this day. The reality has clearly demonstrated the outcomes of the dollarization victory, revealing which parties benefited and which were disadvantaged. Over the years, the United States and its allies have become the dominant power, seemingly determining the fate of nations worldwide—from geopolitical issues, economic embargoes, to the fundamental rights of a nation.

Gradually, frustration with this situation has reached a boiling point, and the root of the problem lies in the economic condition of a nation. Since the dollar is their currency, it is clear that all parties eventually realize the magnitude of this issue. From here, various efforts have emerged to challenge the dominance of the dollar, leading to the creation of alternative currencies such as the Euro and cryptocurrencies in subsequent years.

Here, we see that every newly created currency aims to improve the existing economic system, shifting from a centralized model to one where a single central authority controls everything. Banchor shares similarities with the modeling of cryptocurrency, where no single country has control over the currency. The difference lies in the systems and technological issues that are addressed in its development. The Dollar and Euro share a commonality in their central focus, which is the Dollar owned by the United States and the Euro by Europe. Unfortunately, these two currencies overlook the existence of countries on other continents such as Asia, Africa, and Oceania.

This is just a broad overview, as explaining each one in detail could result in a very lengthy article. Highlighting the issues surrounding the dollar, euro, and cryptocurrency, we become increasingly aware of how complex discussing the global economy is. It is not because every proposal and system that emerges is inherently flawed or untrustworthy, but rather due to issues of power dynamics, selfishness, and fear that ultimately make them problematic.

From the ideal of centralized control with the hope of regulation to the decentralized model with no central authority, various major problems still arise. One common thread running through these issues is "greed." This ultimately gives rise to the global question most frequently raised by the world community: "Where is justice, and where has human conscience gone?"

Where, why?
Greetings from one corner of the world.