First-Class Passengers on a Sinking Ship
Why great powers decline, from Spain to the United StatesThe 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. Rather, decline is the product of elites' succes… Celý popis ↓
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First-Class Passengers on a Sinking Ship
Why great powers decline, from Spain to the United StatesThe 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. Rather, decline is the product of elites' success in grabbing control over resources and governmental powers. 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.
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
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