Business and Polity explores, through a variety of economic and political formations over the past two and a half millennia, right from the Greco-Roman civilization to present day globalization, the behavior of two power networks: those who control the levers of political power and those who engage themselves in wealth-generating activities. It traces the dynamics of interdependence between these two powerful networks and what happens when one or the other becomes more powerful.
The rational and logical approach taken by the author reveals the links that our modern state of affairs has with the experience of past civilizations—knowledge that can potentially enhance our ability to make informed decisions to shape the global future. Though the content is academic and interdisciplinary in scope and nature, its lucid presentation will appeal to a wide range of readers who are interested in geopolitical issues and economic, political and business history.
Chapter 20: Pillars of US Hegemony
Pillars of US Hegemony
It's the height of folly to take upon oneself the burden of the world's correction.
In February 1941, Henry Luce, the owner of Time and Life magazines, published what became a celebrated essay entitled ‘The American Century’. Luce defined the 20th century as the American Century in terms of the country's wealth, power and values, its commitment to a system of free economic enterprise, its readiness to be ‘the Good Samaritan of the entire world’ and its willingness to be the ‘sanctuary … for the ideals of Freedom and Justice’ (Reynolds, 2002: 243). The roots of American globalism can be found in the way the country was integrated and developed during its colonial and early national periods ...