hegemony
(en)
(noun) preponderant influence or authority over others; domination / (noun) the social, cultural, ideological, or economic influence exerted by a dominant group
For Arrighi, this alternation of material and financial expansions, anchored by a hegemonic center, accounts for the emergence of capitalism itself, yet as each cycle concentrates a greater degree of power, it also hastens its own exhaustion.
citing Giovanni Arrighi's The Long Twentieth Century and Adam Smith in Beijing
notable
7 years, 4 months ago