Behind the military superiority of the US empire lie major weaknesses. Walden Bello and John Rees discuss the problems facing America's rulers.
Walden Bello: US imperialism today, despite its seeming power, is in crisis. This crisis has several different dimensions. There is a crisis at the economic level (the state of global capitalism), the military-political level and the ideological level. It is the way that the crisis of overproduction at the economic level, the crisis of overextension at the military-political level and the crisis of legitimacy at the ideological level relate to one another that constitutes the uniqueness of this period.
The crisis of global capitalism