"To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve"
- Robert C. Solomon
About this Quote
In this quote, Robert C. Solomon is recommending that the United States' impact all over the world is not mostly due to the reality that countries utilize the dollar as their significant reserve. He is implying that the United States' influence is based on other elements, such as its military power, financial strength, and political clout. He is likewise recommending that the term "hegemony" is not a proper word to explain the United States' impact. He is indicating that the United States' influence is not based on supremacy or control, however rather on its capability to influence other countries through its power and influence. This quote suggests that the United States' impact is not based exclusively on its currency, but rather on its capability to form global occasions and policies.
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