Dilemmas of Domination

The Unmaking of the American Empire

Walden Bello

Dilemmas of Domination

Walden Bello

Distributed for Zed Books

272 pages | 5.4375 x 8.5
Paper $34.95 ISBN: 9781842776933 Published September 2005 For sale in North and South America only
Introduction: A Southern Perspective on the Crisis of Empire
Crises of Global Capitalism
Central Conflicts
Plan of the Book

1. The Road to Baghdad
Unilateralism versus Multilateralism: A Useful Distinction?
Grand Strategies in U.S. Foreign Policy
Bush II and Rollback-Plus

2. Imperial Hubris/Imperial Overextension
Stretched Thin
Iraq: The Reasons Why
Iraq: An Imperial Expedition Unravels
Afghanistan: An Ephemeral Victory
Strategic Setback for Tel Aviv and Washington
Advantage Al Qaeda
The End of the Atlantic Alliance
Backyard Rebellion
Credibility Gap
Roman Ruminations

3. Contemporary Capitalism's Classic Crisis
Stagnation Sets In
From Weak to Strong Dollar
Neoliberal Reform Guts Global Demand
Excess Capacity and Coerced Competition
Finance-Driven Growth
Capitalism and Corruption
The Bush Recession and the Return of the Weak Dollar
The Chinese Conundrum
End of the Long Wave?

4. The Ascendancy of Finance
Speculation and Global Capitalism
The Liberation of Finance Capital
Key Features of Contemporary Finance Capital
Globalization's Volatile Engine
Finance Capital Targets the South
Speculative Crises: Three Case Studies
The Era of Financial Ascendancy: An Assessment

5. The Economics of Anti-development
Completing the Multilateral System
Challenge from the South
Rolling Back the South
Why the WTO?
The WTO and the South: A Case Study

6. The South Rises and the North Prevails
Revolt in Seattle
Recovery in Doha
Collapse in Cancun
Crisis of Legitimacy of the Bretton Woods System
Reform: Promise versus Reality

7. George W. Bush and Rollback Economics
Retreat from Globalization
Key Economic Policy Thrusts
Vendetta Diplomacy and Its Limits
Tactical Shift

8. Crisis of Legitimacy
The Philippine Paradigm
Containment and the Democratic Mission
Supporting Repressive Regimes
Destabilizing the New Democracies
The Crisis of American Democracy
The Crisis of the Liberal Order
Abu Ghraib and the End of the Moral Mission

9. Conclusion: The Way Forward
Decline and Opportunity
The Economics of Imperial Decline
The Ideological Dilemma
Continuing Overstretch

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