Tag Archives: Phillips: American Theocracy

American theocracy: the peril and politics of radical religion, oil, and borrowed money in the 21st century / Kevin Phillips (Viking, 2006). Review

If the details of the arguments of this work are not always persuasive the author nevertheless achieves his stated purpose: to demolish any illusion among his fellow Americans that the US is in any way “exceptional” in its place and role in the world. Rather, he argues that it is rapidly following in the wake of the demise of past imperial powers Spain, Holland and Britain. The extraordinary rise and influence of extremist religious tendencies; the financialization and extreme indebtedness of the economy as “real wealth production” is outsourced; and the inevitable decline and gradual replacement of the economy’s main fuel resource, are the three main streams that Phillips sees as once having broken their banks over previous leading imperial powers and that are now beginning to deluge the US. read more »