Unselfish Economic Influence

Friends
Hegemony-"economic influence exerted by a dominant group"
Altruistic- "unselfish regard for or devotion to the welfare of others"
Get past the altruistic hegemon, and this is easy? It is not easy to understand, but it is important nonetheless. The United States faces some very big economic problems in the near future. How we relate to the rest of the world is of great importance to all.

Peace and Love,
Rev O

The selfish hegemon must offer a New Deal on trade FT London, Analysis
What is doubly offensive about this exercise of political muscle is that it is advanced in the language of altruism. An altruistic hegemon would not be playing these games; a selfish hegemon will do little else, writes Jagdish Bhagwati


"US hegemony survived the exaggerated threat from Japan. But the US is now once again a fearful giant. Many Americans see trade as a peril rather than an opportunity. This has turned the US from what the economist Charles Kindleberger famously called an “altruistic” hegemon into a “selfish” hegemon."

"Senator Obama promises change but he needs a deeper understanding of the anxiety-causing “new epoch” to define his new agenda shorn of protectionism. John McCain, the Republican presidential candidate, admirably stands for free trade but shows no evidence whatsoever of comprehending that this needs to be situated in an institutional context that requires a serious overhaul. Who will ultimately offer us the right New Deal?"