I figured I’d ask here since you comrades know history and are on talking terms with reality, unlike a lot of stuff that is available to read online. I am really looking for a short answer, although I know there were many factors playing out over a long long time. Just the bullet points, if you please.
Edit: Thank you for these awesome answers, a lot of exactly what I was looking for and a lot of new directions to explore. Y’all really are the dope-ass bear B-)
That’s because they have massive military threats backing them up. The US is a huge trading partner due to gunboat diplomacy.
There used to be a carrot too. Enough of the ruling class in the USA knew not to fuck around with the money. That the promise of stable money and investments was the drug that would bind the international bourgeoisie to the USA. This is as true in allied countries as enemy countries. Yet the last few admins don’t seem to know how to do anything except press the sanction button and it’s destroying the carrot.