The extent and irreversibility of US decline is becoming ever more
obvious as America loses war after war and as one industry after
another loses its technological edge. Lachmann explains why the
United States will not be able to sustain its global dominance. He
contrasts America's relatively brief period of hegemony with the
Netherlands' similarly short primacy and Britain's far longer era
of leadership. Decline in all those cases was not inevitable and
did not respond to global capitalist cycles. Rather, decline is the
product of elites' success in grabbing control of resources and
governmental powers. Not only are ordinary people harmed, but also
capitalists become increasingly unable to coordinate their
interests and adopt policies and make investments necessary to
counter economic and geopolitical competitors elsewhere in the
world. Conflicts among elites and challenges by non-elites
determine the timing and mould the contours of decline. Lachmann
traces the transformation of US politics from an era of elite
consensus to present-day paralysis combined with neoliberal
plunder, explains the paradox of an American military with an
unprecedented technological edge unable to subdue even the weakest
enemies, and the consequences of finance's cannibalisation of the
US economy.
General
Imprint: |
Verso Books
|
Country of origin: |
United Kingdom |
Release date: |
August 2024 |
Authors: |
Richard Lachmann
|
Dimensions: |
210 x 140mm (L x W) |
Pages: |
492 |
ISBN-13: |
978-1-78873-408-0 |
Categories: |
Books
|
LSN: |
1-78873-408-4 |
Barcode: |
9781788734080 |
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