First-Class Passengers on a Sinking Ship

SKU: 9781788734080
First-Class Passengers on a Sinking Ship Elite Politics and the Decline of Great Powers by Richard Lachmann

First-Class Passengers on a Sinking Ship

SKU: 9781788734080
Author: Richard Lachmann
Paperback

Elite Politics and the Decline of Great Powers

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A history of why great powers decline, from Spain to the United States 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, and 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 over 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 mold 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 cannibalization of the US economy.

Book details

Format
Paperback
Pages
496
Publisher
Verso Books
Published
6 August 2024
Language
English
ISBN
9781788734080

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