No Hegemony Re: Ugly Ugly Ugly

[Yoshie Furuhashi]

At 8:47 PM -0500 3/26/03, Michael Pollak wrote:
>Hegemony in the true sense of the word -- domination to which there is
>*consent* -- is not a bad thing in international relations.  It's a good
>thing.  We should get back to it.

To win consent, you would have to give, and yet the USA is the 
world's largest debtor nation, sucking capital from the rest of the 
world (Cf. 
<http://www.epinet.org/webfeatures/snapshots/archive/2002/0703/snap07032002.html>). 
The USA lost its economic hegemony.  What it still has is the sword 
that supports the dollar.
-- 
Yoshie

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