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The American Empire in a Changing World



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Monday, May 21, 2012

Mike Davis: "The Coming Economic Disaster"

From TomDispatch

''Lest we forget, we also live in a globalized economy where Americans are consumers of the last resort and the dollar is still the safe haven for the planet’s hoarded surplus value.  The new recession that the Republicans are engineering with such impunity will instantly put into doubt all three pillars of McWorld, each already shakier than generally imagined: American consumption, European stability, and Chinese growth.''

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