Table of Contents
Preface vii
Introduction 1
Part I Prelude to the New American Empire
1 The DNA of American Capitalism 25
The Dynamic Economy 26
The Active State 31
Internationalizing the American State 35
2 American State Capacities: From Great War to New Deal 45
From Wilson to Hoover: Isolationism Not 46
The Great Depression and the New Deal State 53
From New Deal to Grand Truce with Capital 59
Part II The Project for a Global Capitalism
3 Planning the New American Empire 67
Internationalizing the New Deal 69
The Path to Bretton Woods 72
Laying the Domestic Foundations 80
4 Launching Global Capitalism 89
Evolving the Marshall Plan 91
The American Rescue of European Capitalism 96
"The Rest of the World" 102
Part III The Transition to Global Capitalism
5 The Contradictions of Success 111
Internationalizing Production 112
Internationalizing Finance 117
Detaching from Bretton Woods 122
6 Structural Power Through Crisis 133
Class, Profits, and Crisis 135
Transition through Crisis 144
Facing the Crisis Together 152
Part IV The Realization of Global Capitalism
7 Renewing Imperial Capacity 163
The Path to Discipline 164
The New Age of Finance 172
The Material Base of Empire 183
8 Integrating Global Capitalism 195
Integrating Europe 196
Japan's Contradictions of Success 203
The Rest of the World (Literally) 211
Part V The Rule of Global Capitalism
9 Rules of Law: Governing Globalization 223
The Laws of Free Trade 224
Global Investment, American Rules 230
Disciplinary Internationalism 234
10 The New Imperial Challenge: Managing Crises 247
Firefighter in Chief 248
The Asian Contagion 254
Failure Containment 261
Part VI The Global Capitalist Millennium
11 A World After Its Own Image 275
Chief Financial Architect 277
The US and the Globalized Economy 283
The Integration of China 292
12 American Crisis/Global Crisis 301
Smoldering Bushfires 303
"The Worst Financial Crisis in Global History" 310
The Empire's Not So New Clothes 318
Conclusion 331
Notes 341
Index 447
