ECU Libraries Catalog

First-class passengers on a sinking ship : elite politics and the decline of great powers / Richard Lachmann.

Author/creator Lachmann, Richard author.
Format Book and Print
Publication Info London ; New York : Verso, 2020.
Copyright Notice ©2020
Descriptionxiii, 477 pages ; 24 cm
Variant title 1st-class passengers on a sinking ship
Abstract The extent and irreversibility of U.S. 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. Conflicts among elites and challenges by non-elites determine the timing and mould 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 cannibalisation of the U.S. economy.
Bibliography noteIncludes bibliographical references and index.
ISBN9781788734073 (hardcover)
ISBN1788734076 (hardcover)

Available Items

Library Location Call Number Status Item Actions
Joyner General Stacks JZ1310 .L33 2020 ✔ Available Place Hold

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