Many policymakers, journalists, and scholars insist that U.S.
hegemony is essential for warding off global chaos. "Good-Bye
Hegemony " argues that hegemony is a fiction propagated to support
a large defense establishment, justify American claims to world
leadership, and buttress the self-esteem of voters. It is also
contrary to American interests and the global order. Simon Reich
and Richard Ned Lebow argue that hegemony should instead find
expression in agenda setting, economic custodianship, and the
sponsorship of global initiatives. Today, these functions are
diffused through the system, with European countries, China, and
lesser powers making important contributions. In contrast, the
United States has often been a source of political and economic
instability.
Rejecting the focus on power common to American realists and
liberals, the authors offer a novel analysis of influence. In the
process, they differentiate influence from power and power from
material resources. Their analysis shows why the United States, the
greatest power the world has ever seen, is increasingly incapable
of translating its power into influence. Reich and Lebow use their
analysis to formulate a more realistic place for America in world
affairs.
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