Economic Armageddon by Mocombe PC* in
Archaeology & Anthropology:Open Access_ American Journal of Archaeology
Abstract
This essay offers a structural analysis for why
Barack Obama’s stimulus plan for the United States of America essentially failed
and will bring about the end to American economic power as the hegemon in the
global capitalist world-system under the Trump administration. This critical
understanding suggests that Obama’s plan was an attempt to implement “new deal”
type economic policies in a postindustrial
economy based on financialization and consumption. Inevitably, the essay
concludes, the plan was bound to fail as it was unable to stimulate aggregate
demand in the short and long terms in a postindustrial economy based on consumption.
https://crimsonpublishers.com/aaoa/fulltext/AAOA.000571.php
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