The Hidden Hand Of American Hegemony
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The Hidden Hand of American Hegemony
Author: David E. Spiro
language: en
Publisher: Cornell University Press
Release Date: 2019-06-30
Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
The Hidden Hand
Author: Richard H. Immerman
language: en
Publisher: John Wiley & Sons
Release Date: 2014-03-03
THE HIDDEN HAND Since its inception in 1947, the Central Intelligence Agency has played an outsized role in the political life of the United States, whether by formulating and implementing policy or by fueling popular culture and imagination. The Hidden Hand is an accessible and up-to-date history of the agency that succinctly takes the reader from its early days of intelligence gathering and analysis to its more recent involvement in the execution of foreign policy through covert operations, psychological warfare, and other programs. In manageable chapters and easy-to-digest prose, the author — a respected scholar who has researched intelligence for more than 30 years and also served as a high-ranking officer in the intelligence community — covers all aspects of the CIA from its mission to its performance to its record. He draws on the latest evidence and research to assess the agency’s successes and failures over the last half century, highlighting key operations of the past and present. Throughout, his assessment is balanced and thorough with an eye on the complex and controversial nature of the subject. This is a masterful account that demythologizes the CIA’s role in America’s global affairs while addressing its integral place within American political and popular culture.
America Unrivaled
Author: G. John Ikenberry
language: en
Publisher: Cornell University Press
Release Date: 2002
American power today is without historical precedent, dominating the world system. No other nation has enjoyed such formidable advantages in military, economic, technological, cultural, and political capabilities. How stable is this unipolar American order? Will the age-old dynamic of the balance of power reemerge as the other great powers rise up to challenge American preeminence? America Unrivaled examines these questions. The experts in this volume contend that full-scale balancing in this new world order has not yet occurred. They ask if a backlash against American dominance is just around the corner, or if characteristics of the current situation alter or eliminate the entire logic of power balancing. American power poses threats, as do the likely responses to that power, the experts argue in America Unrivaled. The definition of these threats is critical to understanding future political trends and learning whether an original (and stable) world system has already come into existence. Most of the contributors agree that novel features of the American hegemony and the wider global order make an automatic return to a traditional balance of power order unlikely.