US Hegemony, Long Waves, and Climate Change

Phillip Anthony O’Hara
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Phillip Anthony O’Hara: Global Political Economy Research Unit (GPERU)

Chapter Chapter 7 in Long Waves of Growth, Hegemonic Power, and Climate Change in the World Economy, 2025, pp 271-337 from Springer

Abstract: Abstract Using the Principles of Political Economy (PoPE) Contingency Paradigm and New Long Wave Method (NLWM), this chapter begins with an outline of the key features of US long waves, hegemony rise and fall, and climate change, from the year 1800 (when yearly Maddison Project data starts for the USA) to the 2020s. Then we detail the dynamic structural evolution, transformation, and relative decline of the US pathways and circuits of socioeconomic dynamics (CSD), from the 1930s–1940s through to the 1990s. Special reference is given to the ecological-geospatial-international structures of the post-war corporate system, Fordist accumulation and distribution, Keynesian welfare state, regulated financial system, and households-community that structured the relations of reproduction. Throughout we outline the contradictions within the circuit, and within and between all the components of the circuit, that led to long wave downswing, the transition from absolute to relative hegemony, and the climate change crisis. We extend the analysis of long waves, hegemony, and climate change into the 2020s while keeping the extended discussion of structural polycrises (during the 1980s–2020s) for chap. 9 . A conclusion follows.

Keywords: PoPE Contingency Paradigm; United States Hegemony; Long waves; Climate change; US Pathways and Circuits of Socioeconomic Dynamics; Postwar corporate system; Institutions and technologies; Rise and fall (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/978-981-96-4132-1_7

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