[lbo-talk] The Paulson plan's critics

[dredmond at efn.org]

On Fri, September 26, 2008 5:01 pm, Chris Doss wrote:


> Britain was never a hegemonic power, you know.

I'm not an expert on 19th century history, but Britain was most definitely
a hegemon from 1815-1914. The UK controlled the ocean lanes, its banks ran
Latin America and owned maybe one-fifth of the US, its currency was the
basis of the international economy, it colonized one-third of the Earth's
surface, forced China to buy opium, controlled Canada, Australia, South
Asia, etc. That's as hegemonic as they come.

-- DRR