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Is There Hope for Uncle Sam?

Is There Hope for Uncle Sam?

Jan Nederveen Pieterse

(2009)

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Abstract

For over a century now, America has dominated global politics and the global imagination. Yet as the dollar declines, inequality increases, rates of consumption are unprecedented and American unilateralism comes under fire, such hegemony is increasingly unsustainable. In this provocative new book, leading sociologist Jan Nederveen Pieterse asks whether it’s possible for America to chart a different course. Nederveen Pieterse argues that correcting the course of decline would mean taking drastic steps. Only a reinvention of New Deal politics could address social inequality, whilst repositioning itself in world politics would mean adopting genuine multilateralism. In the current ‘American bubble’ however, political and corporate unaccountability are so entrenched, and the constants of policy – support for Wall Street, the Pentagon and Israel – are so widely accepted by powerful elites that change is unlikely to come from within. Is there Hope for Uncle Sam? is a clear and provocative look at one of the big questions facing us in this century.
'Jan Nederveen Pieterse brilliantly and engagingly depicts America's failing approach to global policy, and what might be done by way of correction. This lucid analysis deserves the widest possible readership and debate.' Richard Falk, Princeton University
Jan Nederveen Pieterse is Mellichamp Professor of Global Studies and Sociology at the University of California at Santa Barbara. His previous publications include Ethnicities and Global Multiculture (2007) and Globalization and Empire (2004).

Table of Contents

Section Title Page Action Price
Acknowledgements vii
Introduction: A Study in Decline 1
1 The American Bubble 9
In the Bubble 11
Outside the Bubble 35
2 Odd Numbers 40
Please Don’t Feed the Homeless 45
Explaining Inequality 48
3 Dixie Politics 54
Easy Money 63
Box 3.1 Financial fixes in the United States 66
Information Rules 70
Subprime and the World Economy 73
4 The Trouble with Hegemony 77
Predatory Hegemony? 81
Maintenance and Repair 88
5 Does Empire Matter? 92
Neoliberal Globalization 95
Table 5.1 Policy profiles of recent US administrations 96
Table 5.2 American perspectives on the new wars 100
Superpower Syndrome 103
Stuff Happens 108
Does Hegemony Matter? 111
6 Political and Economic Brinkmanship 115
Political Brinkmanship: Producing Instability 120
Economic Brinkmanship: Laissez-faire 129
Deficits Don’t Matter 133
Limits of Rational Choice 137
7 Can the United States Correct Itself? 143
A Progressive Majority 145
Scenarios of Decline 150
8 New Balance 163
The Afterlife of Hegemony 164
Global Realignments 168
Notes 180
Chapter 1 180
Chapter 2 182
Chapter 3 184
Chapter 4 186
Chapter 5 187
Chapter 6 189
Chapter 7 190
Chapter 8 192
References 194
Index 208