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A Prelude to the Foundation of Political EconomyWar, Oil, and Conundrum of Hegemony

A Prelude to the Foundation of Political Economy: War, Oil, and Conundrum of Hegemony [The invasion of Iraq—and subsequent occupation of this little country in March 2003—is a déjà vu in the context of the repeated attempts by the United Sates at turning back the clock of the new epoch to save her hegemonic past. This unreasonable behavior has come to be reasonably predictable, particularly in the aftermath of the breakup of the Soviet Union (1917–90) and the lack of inhibition to and penchant for military adventure in the confused and confusing interlude between the collapse of the Pax Americana (1945–79) and the pos-thegemonic world in the making. Thanks to the loud and boisterous pageantry of the Reagan era, that masked the scale and immensity of Pax Americana’s breakdown, the celebrating of the triumph of America and its acclaimed mastery of the world continued. The post-Reagan 1990s did not produce any appreciable deviation from this euphoric norm until the boomerang of 9/11 hit the homeland, not by vigorous enemies who had come from outer space, but the descendants of the foot soldiers trained and weaponized by America in the Afghan war against the Soviet “infidels”—a barefooted bunch. Even so, this was not accepted as a sign of diminishing US global power in the post-Pax Americana era.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Prelude to the Foundation of Political EconomyWar, Oil, and Conundrum of Hegemony

Part of the The Economics of the Middle East Book Series
Springer Journals — Oct 13, 2015

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Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2013
ISBN
978-1-349-29671-2
Pages
175 –200
DOI
10.1057/9781137106971_8
Publisher site
See Chapter on Publisher Site

Abstract

[The invasion of Iraq—and subsequent occupation of this little country in March 2003—is a déjà vu in the context of the repeated attempts by the United Sates at turning back the clock of the new epoch to save her hegemonic past. This unreasonable behavior has come to be reasonably predictable, particularly in the aftermath of the breakup of the Soviet Union (1917–90) and the lack of inhibition to and penchant for military adventure in the confused and confusing interlude between the collapse of the Pax Americana (1945–79) and the pos-thegemonic world in the making. Thanks to the loud and boisterous pageantry of the Reagan era, that masked the scale and immensity of Pax Americana’s breakdown, the celebrating of the triumph of America and its acclaimed mastery of the world continued. The post-Reagan 1990s did not produce any appreciable deviation from this euphoric norm until the boomerang of 9/11 hit the homeland, not by vigorous enemies who had come from outer space, but the descendants of the foot soldiers trained and weaponized by America in the Afghan war against the Soviet “infidels”—a barefooted bunch. Even so, this was not accepted as a sign of diminishing US global power in the post-Pax Americana era.]

Published: Oct 13, 2015

Keywords: Security Council; Bush Administration; Chemical Weapon; Soft Power; Soviet Bloc

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