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Richard Lachmann, "First Class Passengers on a Sinking Ship: Elite Politics and the Decline of Great Powers" (Verso, 2020)

Being a great power almost seems to invite discussion of decline: whether you are declining, what can be done to prevent or arrest it, and what the consequences of decline might ultimately be. The United States has not managed to escape from any of this analysis, but understanding how imperial and hegemonic decline has played out historically often does not inform these discussions. Is the United States an empire, or it better described as a hegemon? What’s the meaningful difference, especially in the current content of the United States’ global position? Richard Lachmann’s First-Class…

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