The world is being polarized between attempts to preserve centuries of Western international law and America’s attempt to replace it with a monolithic U.S. autocracy of its own uniquely self-serving ruler-based order. Michael Hudson starts his new series Creating a New International Order.

Control over oil is one of its key methods for achieving unipolar control over the world’s broad trade and dollarized financial arrangements. America’s military attack on Venezuela and abduction of President Maduro is the most recent example of this.