Has Economic Power Replaced Military Might?
by: Joseph S. Nye, Project Syndicate
Political observers have long debated whether economic or military power is more fundamental. The Marxist tradition casts economics as the underlying structure of power, and political institutions as a mere superstructure, an assumption shared by nineteenth-century liberals who believed that growing interdependence in trade and finance would make war obsolete.
http://www.truth-out.org/has-economic-power-replaced-military-might/1307539510
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