Systemic crisis and the consolidation of US global power

determinants and characteristics of post-1970s US structural power

Abstract

This article links the systemic crisis of the 1970s to the consolidation of US global power. First, we will argue that the crisis of the decade is not due to the supposed crisis of US hegemony, but to the latent antagonism between the relative autonomy of the National States and economic transnationalization – a by-product of the pattern of organization of the world economy led by the United States in the postwar period. Additionally, we will defend that the forwarding of the systemic crisis consolidated the structuring parameters of its interstate power – security/violence, currency/finance, production/technology – and inaugurated the era of the structural crisis of capital.