POLS 264 Lecture 16: 264 Week 8 Lecture 16
8 Mar 2017
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Document Summary
Paranoid politics exist elsewhere but it is difficult to find a political community as exceptional in this way. One of the elements of economic decline was the fatal arithmetic of imperial decline examining imperial debt: (ferguson) Debt explosion leads to reduction in resources available for armed forces. Assuming that america stands by its debt it must be serviced. Debt explosion compared to other nations in the past: France 1788: 62% of revenues on debt service. Ottoman empire 1875: 50% of revenues on debt service. Britain 1930"s: 44% of revenues on debt service. There were a number of putative challenges to america: Initially in the early part of the 2000-2010: brics (included brazil, russia, india, china, Designed and met as an organization to challenge the existing structures in the international system not exclusively the us. Conclusion was that there would be challenges here to hegemony.
