American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century by Kevin Phillips

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(Hardcover)

  • Pub. Date: March 2006
  • 480pp
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    Product Details

    • Pub. Date: March 2006
    • Publisher: Penguin Group (USA)
    • Format: Hardcover, 480pp

    Synopsis

    Political analyst Kevin Phillips offers an explosive examination of the political coalition led by radical religion that is driving America to the brink of disaster. From ancient Rome to the British Empire, Phillips demonstrates that every world-dominating power has been brought down by a related set of causes: a lethal combination of global overreach, militant religion, resource problems, and ballooning debt. It is the same axis of ills that has come to define America's political and economic identity in the past decade - that, left unchecked, will bring America to its knees. With an eye on the past and a searing vision of the future, Phillips has written a book that no American can afford to ignore.

    Publishers Weekly

    Scientists repeatedly prove the limited amount of fossil-based fuels left in the world and emphasize the environmental effects of using them. Yet many Republicans ignore science in the name of God while promoting a debt-driven consumer society. Debt, radical religion and fuel have been individual sources of expansion and destruction for many nations throughout history. Utilizing these precedents, Phillips provides detailed and troubling criticism of the United States' excessive dependence on and promotion of these three factors. Phillips predicts these practices will significantly diminish the power of the United States in international politics. In navigating this sometimes complicated book, Scott Brick delivers an outstanding performance. His command of the text will leave listeners believing that he wrote the book. His intensity matches the author's urgency while his emphasis proves a great value in determining the important information. Nonfiction audiobooks of this breadth often become cumbersome and daunting with information overload. But Brick leads his listeners with the gift of a master performer who knows his audience. While extras such as a time line, bibliography or character glossary could only improve this audiobook, the clarity of the text through the efforts of the author and narrator make it well worth the listen. Simultaneous release with the Viking hardcover (Reviews, Feb. 13). (Mar.) Copyright 2006 Reed Business Information.

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    Biography

    Kevin Phillips, a former Republican strategist, has been a political and economic commentator for more than three decades. His thirteen books include the New York Times bestsellers American Dynasty, The Politics of Rich and Poor, and Wealth and Democracy.

    Customer Reviews

    Timelyby Anonymous

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    March 09, 2008: With the pervasive influence of the credit market industry, religious right, and oil industry in the American process, we are heading for a huge downfall, according to the prophetic economic and political commentator Kevin Phillips. His timely prose compares our desires for a latter-day Manifest Destiny in the Middle East--a mistake tried by the motherland, Britain--to an ambitious empirical notion of both overreach and grandiose notions that we are the 'chosen people.' Like his other book Wealth and Democracy, he singles out the threat of foreign banks and lenders destroying asset accreditation and ballooning our current-account deficit, especially to those of China--the next superpower if we do not stop our reckless ways. He singles out the peculiar nature of the religiosity, fierceness, and fecundity of the Scots-Irish, who seem to be the winners of the culture wars. He seems to recant in some ways of his Cousins Wars where he said that the traditional High Church Anglicans where the winners against Cromwell's lower churchers. Continuing on his religious and ethnic themes of politics, he notices that the Civil War culture of 'The Southernization of America' hasn't ended, much to the naiveties of liberal secularists. The winners, as he laments and grudgingly admires, are the profoundly tough and volatile culture of the Scots-Irish, who are among the finest warriors the world has ever seen. Also included among the losers of Anglo-America's sphere of influence, as he continues was Spain, France and the Netherlands, alongside the Irish, Native Americans, African Americans and the Germans. I would include the Mexicans, as well, because of the fact that many came from French and Spanish bloodlines. Of course, that may be an issue if immigration issues continue.

    Superb account of the state of the USAby Anonymous

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    August 06, 2007: This outstanding book is the best study of the current state of the USA. Kevin Phillips, the vastly experienced American political and economic commentator, depicts the USA?s economic and religious interest-groups and their effects on the Republican coalition. For this paperback edition, he has written a brilliant 40-page introduction updating his 2006 analysis. He shows how deindustrialisation is destroying the US economy. The debt-driven finance, insurance and real estate sector accounts for 21% of US GDP, manufacturing for only 13%. 44% of all US corporate profits come from the finance sector, 10% from manufacturing. Household incomes have not risen since 2000. Wages are 62% of national income, compared to an average 73% in the late 1960s. He describes what he calls the `oil-national security complex? and its `100 years? oil war?. The USA, with 200 million of the world?s 520 million automobiles, defeats conservation and energy efficiency. The USA consumes a quarter of the world?s energy, but has only 5% of its reserves. Since 1998, the USA has been importing more than half the petrol it uses. A barrel of oil cost $3 in 1970, $10 in 1986, $30 in 2002, $75 in 2007. Non-OPEC oil will peak in 2010. So the US state wants to secure oil supplies from the Middle East, but in a classic case of imperial overreach, its efforts are counter-productive. White House economic advisor Lawrence Lindsay said in September 2002, ?the key issue is oil, and a regime change in Iraq would facilitate an increase in world oil so as to drive down prices.? Pre-war, Iraq produced 3.5 million barrels a day, now just 1.1 million, ?U.S. mismanagement in Iraq having only aggravated the oil-supply and terrorist threats?, as Phillips writes. The war has caused most of the recent $45-a-barrel rise. Phillips also studies the USA?s rightwing religious fundamentalism ? a toxic brew of Biblical inerrancy and born-again evangelicalism. It claims that we live in the `end-times?, when the defeat of the antichrist at Armageddon heralds the second coming. It is anti-women, anti-science, anti-modernism and anti-Enlightenment. It opposes sex education, women?s rights, contraception, stem-cell research and abortion. He shows how successive US governments have indulged the soaring debt and credit industry. They encouraged reckless credit expansion, blowing up the ballooning national, international, business, financial and household debts. Low-interest rates led to the credit-card boom, to exotic mortgages, derivatives (which the speculator Warren Buffett called `financial weapons of mass destruction?), hedge-funds and debt instruments. Buffett also said, ?Hyperactive equity markets subvert rational capital allocation.? Americans now owe more than they make. Finance firms are debt collectors credit card companies offer to consolidate people?s debts, but once the debtor is hooked, the company can raise interest rates to 20-30%. No wonder that in Bush?s first term (2000-04), there were five million personal bankruptcies and by 2006, the USA?s total debt was $40 trillion, 304% of GDP.


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