:: blame the extended gestation.... ::

:: Wednesday, December 31, 2003 ::

Monthly Review December 2003 Richard B. Du Boff:

"“Global hegemony” might be defined as a situation in which one nation-state plays a predominant role in organizing, regulating, and stabilizing the world political economy. The use of armed force has always been an inseparable part of hegemony, but military power depends upon the economic resources at the disposal of the state. It cannot be deployed to answer every threat to geopolitical and economic interests, and it raises the danger of imperial overreach, as was the case for Britain in South Africa (1899–1902) and the United States in Vietnam (1962–1975). "

:: Jim Nichols 12/31/2003 11:22:00 AM [+] ::
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