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Between 1973 and 1980, the cost of crude oil rose suddenly and dramatically, precipitating convulsions in international politics. Conventional wisdom holds that international capital markets adjusted automatically and remarkably well: enormous amounts of money flowed into oil-rich states, and efficient markets then placed that new money in cash-poor Third World economies. David Spiro has followed the money trail, and the story he tells contradicts the accepted beliefs. Most of the sudden flush of new oil wealth didn't go to poor oil-importing countries around the globe. Instead, the United States made a deal with Saudi Arabia to sell it U.S. securities in secret, a deal resulting in a substantial portion of Saudi assets being held by the U.S. government. With this arrangement, the U.S. government violated its agreements with allies in the developed world. Spiro argues that American policymakers took this action to prop up otherwise intolerable levels of U.S. public debt. In effect, recycled OPEC wealth subsidized the debt-happy policies of the U.S. government as well as the debt-happy consumption of its citizenry.
In this highly readable history, a noted author reveals startling new information about the relationship between Britain and the US during the Cold War: the extent of the US and British covert operation successes--notably in Iran and Guatemala--as well as many costly debacles and follies. 32 photos.
In this hugely influential book, Laclau and Mouffe examine the workings of hegemony and contemporary social struggles, and their significance for democratic theory. With the emergence of new social and political identities, and the frequent attacks on Left theory for its essentialist underpinnings, Hegemony and Socialist Strategy remains as relevant as ever, positing a much-needed antidote against ‘Third Way’ attempts to overcome the antagonism between Left and Right.
A refreshing, insightful look into the political and economicdynamics driving globalization today Globalization: it's earlier than you think. That's the provocativemessage of Against the Dead Hand, which traces the rise and fall ofthe century-long dream of central planning and top-down control andits impact on globalization-revealing the extent to which the "deadhand" of the old collectivist dream still shapes the contours oftoday's world economy. Mixing historical narrative,thought-provoking arguments, and on-the-scene reporting andinterviews, Brink Lindsey shows how the economy has grown up amidstthe wreckage of the old regime-detailing how that wreckageconstrains the present and obscures the future. He conveys aclearer picture of globalization's current state than the currentconventional wisdom, providing a framework for anticipating thefuture direction of the world economy.
Meticulously researched, this book examines US dollar hegemony and the unsustainable macroeconomics of 'petrodollar recycling', pointing out that issues underlying the Iraq war also apply to geostrategic tensions between the US and other countries including the member states of the EU, Iran, Venezuela and Russia. The author warns that without changing course, the American Experiments will end the way all empires end -- with military over-tension and subsequent economic decline. He recommends the multilateral pursuit of both energy and monentary reforms within a United Nations framework to create a more balanced global energy and monetary system -- thereby reducing the possibility of future oil and oil-currency related warfare.
"It is the contention of the author that the major events of the past, the wars, the depressions and the revolutions, have been planned years in advance by an international conspiracy."--Page 4 of cover
"Play fool, to catch wise."--proverb of Jamaican slaves Confrontations between the powerless and powerful are laden with deception--the powerless feign deference and the powerful subtly assert their mastery. Peasants, serfs, untouchables, slaves, laborers, and prisoners are not free to speak their minds in the presence of power. These subordinate groups instead create a secret discourse that represents a critique of power spoken behind the backs of the dominant. At the same time, the powerful also develop a private dialogue about practices and goals of their rule that cannot be openly avowed. In this book, renowned social scientist James C. Scott offers a penetrating discussion both of the public roles played by the powerful and powerless and the mocking, vengeful tone they display off stage--what he terms their public and hidden transcripts. Using examples from the literature, history, and politics of cultures around the world, Scott examines the many guises this interaction has taken throughout history and the tensions and contradictions it reflects. Scott describes the ideological resistance of subordinate groups--their gossip, folktales, songs, jokes, and theater--their use of anonymity and ambiguity. He also analyzes how ruling elites attempt to convey an impression of hegemony through such devices as parades, state ceremony, and rituals of subordination and apology. Finally, he identifies--with quotations that range from the recollections of American slaves to those of Russian citizens during the beginnings of Gorbachev's glasnost campaign--the political electricity generated among oppressed groups when, for the first time, the hidden transcript is spoken directly and publicly in the face of power. His landmark work will revise our understanding of subordination, resistance, hegemony, folk culture, and the ideas behind revolt.
“ExxonMobil has met its match in Coll, an elegant writer and dogged reporter . . . extraordinary . . . monumental.” —The Washington Post “Fascinating . . . Private Empire is a book meticulously prepared as if for trial . . . a compelling and elucidatory work.” —Bloomberg From the Pulitzer Prize-winning and bestselling author of Ghost Wars and The Achilles Trap, an extraordinary exposé of Big Oil. Includes a profile of current Secretary of State and former chairman and chief executive of ExxonMobil, Rex Tillerson In this, the first hard-hitting examination of ExxonMobil—the largest and most powerful private corporation in the United States—Steve Coll reveals the true extent of its power. Private Empire pulls back the curtain, tracking the corporation’s recent history and its central role on the world stage, beginning with the Exxon Valdez accident in 1989 and leading to the Deepwater Horizon oil spill in the Gulf of Mexico in 2010. The action spans the globe—featuring kidnapping cases, civil wars, and high-stakes struggles at the Kremlin—and the narrative is driven by larger-than-life characters, including corporate legend Lee “Iron Ass” Raymond, ExxonMobil’s chief executive until 2005, and current chairman and chief executive Rex Tillerson, President-elect Donald Trump's nomination for Secretary of State. A penetrating, news-breaking study, Private Empire is a defining portrait of Big Oil in American politics and foreign policy.
A noted Middle East specialist looks at conspiracy theories and the way they control life and politics in the region.
To Win a Nuclear War records as fully as we are likely to find what has gone on in the minds of American leaders and nuclear strategists on this awesome subject during these fateful forty years. It is an appalling story... This book compels us to re-think and re-write the history of the Cold War and the arms race."--From the foreword by Ramsey Clark, former Attorney General of the United States. To Win a Nuclear War provides a startling glimpse into secret U.S. plans to initiate a nuclear war from 1945 to the present. Based on recently declassified Top Secret documents obtained through the Freedom of Information Act, this book meticulously traces how U.S. policy makers in over a dozen episodes have threatened to initiate a nuclear attack. The book also documents the surprising reasons why the war plans were never carried out and discloses the deeper, hidden meaning of the Star Wars program.