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Description
The empire seems unassailable, but the empire is weak - and precisely because of its imperial ambitions. Walden Bello dissects the dilemmas confronting America in its quest for global domination. Despite the enormity of the U.S. defence budget, American forces are already overextended - and will become more so as each local 'victory' breeds simmering resistance. The empire faces looming economic breakdown, the result of its gargantuan military costs, record-breaking budget deficits, and exploitative trade and investment relations. On the political front, bitter disillusionment is spreading in response to America's failure to champion liberal democracy, crony capitalism and gross inequalities of income.
Dilemmas of Domination reveals a not-too-distant future in which the empire's hidden weaknesses will yield fatal challenges to American supremacy.
Table of Contents
Crises of Global Capitalism
Central Conflicts
Plan of the Book
1. The Road to Baghdad
Unilateralism versus Multilateralism: A Useful Distinction?
Grand Strategies in U.S. Foreign Policy
Bush II and Rollback-Plus
2. Imperial Hubris/Imperial Overextension
Stretched Thin
Iraq: The Reasons Why
Iraq: An Imperial Expedition Unravels
Afghanistan: An Ephemeral Victory
Strategic Setback for Tel Aviv and Washington
Advantage Al Qaeda
The End of the Atlantic Alliance
Backyard Rebellion
Credibility Gap
Roman Ruminations
3. Contemporary Capitalism's Classic Crisis
Stagnation Sets In
From Weak to Strong Dollar
Neoliberal Reform Guts Global Demand
Excess Capacity and Coerced Competition
Finance-Driven Growth
Capitalism and Corruption
The Bush Recession and the Return of the Weak Dollar
The Chinese Conundrum
End of the Long Wave?
4. The Ascendancy of Finance
Speculation and Global Capitalism
The Liberation of Finance Capital
Key Features of Contemporary Finance Capital
Globalization's Volatile Engine
Finance Capital Targets the South
Speculative Crises: Three Case Studies
The Era of Financial Ascendancy: An Assessment
5. The Economics of Anti-development
Completing the Multilateral System
Challenge from the South
Rolling Back the South
Why the WTO?
The WTO and the South: A Case Study
6. The South Rises and the North Prevails
Revolt in Seattle
Recovery in Doha
Collapse in Cancun
Crisis of Legitimacy of the Bretton Woods System
Reform: Promise versus Reality
7. George W. Bush and Rollback Economics
Retreat from Globalization
Key Economic Policy Thrusts
Vendetta Diplomacy and Its Limits
Tactical Shift
8. Crisis of Legitimacy
The Philippine Paradigm
Containment and the Democratic Mission
Supporting Repressive Regimes
Destabilizing the New Democracies
The Crisis of American Democracy
The Crisis of the Liberal Order
Abu Ghraib and the End of the Moral Mission
9. Conclusion: The Way Forward
Decline and Opportunity
The Economics of Imperial Decline
The Ideological Dilemma
Continuing Overstretch
Notes
Index
Product details
| Published | 01 Sep 2005 |
|---|---|
| Format | Paperback |
| Edition | 1st |
| Extent | 272 |
| ISBN | 9781842776933 |
| Imprint | Zed Books |
| Dimensions | Not specified |
| Publisher | Bloomsbury Publishing |
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