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2020 | OriginalPaper | Buchkapitel

3. Business Fundamentalism and US Hegemony

verfasst von : Sabine Dreher

Erschienen in: Religions in International Political Economy

Verlag: Springer International Publishing

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Abstract

This chapter outlines how religious fundamentalism has shaped the hegemonic country. The hegemonic country determines global rules and decision-making processes, prints the reserve currency, controls the leading economic sectors, and comprises a large share of the global economy. Internal changes impact foreign policy; deciphering them is therefore a precondition for understanding world politics according to theories of hegemonic change. This chapter focuses on two such policy shifts. The first is the change from Keynesianism to neoliberalism, and the second is toward increased military intervention and Islamophobia. The chapter locates the origin of neoliberalism in a form of “business-oriented Christianity” that emerged in the 1930s to fight the interventionist New Deal state, while the increased use of military force and the creation of “Islam” as the enemy have been enthusiastically supported by the current evangelical right. Both profoundly transformed the global political economy through increased inequality, economic instability, and the War on Terror.

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Vorheriges Kapitel Religious Fundamentalism and the Neoliberal Turn

Nächstes Kapitel The Spirit of Capitalism and the Question of Development

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Titel: Business Fundamentalism and US Hegemony
verfasst von: Sabine Dreher
Verlag: Springer International Publishing
Buch: Religions in International Political Economy
Print ISBN: 978-3-030-41471-9

Electronic ISBN: 978-3-030-41472-6

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-3-030-41472-6_3