(noun) preponderant influence or authority over others; domination / (noun) the social, cultural, ideological, or economic influence exerted by a dominant group
Thus in 1971 Europe was jettisoned from the dollar zone by a United States intent on preserving its hegemony and unwilling to turn to austerity to save Bretton Woods.
cus of the $35/oz of gold value being heavily tested in the late 60s/early 70s
we need to talk about hegemony, an idea that was developed most famously by the Italian Marxist Antonio Gramsci. Hegemony is a system of power within complex societies
What you do, simply, is convince enough of those other social groups that their interests are best served by throwing in their lot with you than by supporting the other side. This is what it means to achieve ‘hegemony’ (leadership) within a wider ensemble of social forces.
In this way, without wanting or planning it, Germany controversially became the European hegemon, until further notice.
after the 2008 crisis, given that Germany had a highly industrialised economy (which was lamented prior to 2008 and much appreciated afterwards)
folk politics [...] often rejects the project of hegemony, valuing withdrawal or exit rather than building a broad counter-hegemony
ow was it, then, that capitalism and the interests of the ruling classes were secured in democratic societies largely devoid of overt force? The Italian Marxist Antonio Gramsci answered that capitalist power was dependent on what he termed hegemony – the engineering of consent according to the dictates of one particular group. A hegemonic project builds a ‘common sense’ that installs the particular worldview of one group as the universal horizon of an entire society. By this means, hegemony enables a group to lead and rule over a society primarily through consent (both active and passive) rather than coercion.
China presents itself as a power that commendably eschews hegemonism, but the form its abstinence most frequently takes is either compliance with the existing hegemon—over the Iraq war, to take but one example—or pursuit of narrow self-interest—as with Sudan—and its relations with Third World countries remain strictly instrumental.
England was the dominant, Russia the subordinate hegemon of the world system of bourgeois society.
Lessons learnt and the demands of sacrificing masses forced advanced capitalism after the War into a golden age of reform and relative equality, regulated by cooperating nation-states under the benign hegemony of the US and by the framework of the Bretton Woods system.
the current hegemonic ideologies of language and communication
In these circumstances, popular jacquerie was not directed by any kind of hegemonic leadership and went nowhere.
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