Description
Temporarily out of stock
Title: First-Class Passengers on a Sinking Ship: Elite Politics & the Decline of Great Powers
Author: LACYMANN RICHARD
Format: HARDCOVER
Publication date: 31/03/2020
Imprint: VERSO
Price: $50.00
Publishing status: Active
\”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.\”
ISBN: 9781788734073
Pages: 464
Edition: 01