By Kevin Phillips
From America's most efficient political analyst, an explosive exam of the axis of faith, politics, and borrowed cash that threatens to wreck the kingdom In his latest big apple instances bestselling books, American Dynasty and Wealth and Democracy, Kevin Phillips verified himself as a robust critic of the political and fiscal forces which are ruling-and imperiling-the usa. Now, Phillips takes an uncompromising view of the political coalition, led by way of radical faith, that's using the United States to the edge of catastrophe. From historical Rome to the British Empire, Phillips demonstrates that each international- dominating strength has been introduced down by way of a similar set of factors: a deadly blend of worldwide over- achieve, militant faith, source difficulties, and ballooning debt. it really is this comparable axis of ills that has come to outline America's political and monetary id long ago decade. army miscalculations within the heart East, the surge of fundamentalist faith, the remarkable nationwide debt, the prices of U.S. oil dependence-together those elements are undermining our nation's safety, solvency, and status on the earth. If left unchecked, an analogous forces will deliver a debt- bloated, preachy, energy-starved the United States to its knees. With a watch at the prior and a searing imaginative and prescient of the long run, Phillips has written a ebook that no American can manage to pay for to disregard. compliment for Kevin Phillips and American Dynasty: "[Phillips] is a deep philosopher extraordinaire, who does a masterful activity of connecting the army- business dots. . . . A searing indictment of the Bush Dynasty." -Douglas Brinkley, mom Jones "Devastating . . . a huge, troubling e-book that are meant to be learn in all places with care, nowhere extra so than during this city." -Jonathan Yardley, The Washington put up e-book international
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Extra resources for American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century
4 retirees, an ultimately unsustainable equation. For now, the oil industry is too rich to have that particular problem. S. electricity supply and power grid, serious as it is, can be put to one side as we concentrate on the aging of the American oil culture; electricity is small stuff next to transportation. Cars and trucks bum an overwhelming two out of every three barrels of oil used in the United States. Airplanes use another 10 percent. Power plants, by contrast, are only minor oil burners, as of 1998 being 56 percent coal fired, 21 percent nuclear driven, 10 percent gas burning, and 10 percent hydroelectric.
This was an era infamous for the easy equation of money and power. In 1884 Payne is said to have handed out enough to convince the Democratic Ohio legislature to send his father, Congressman Harry Payne, rather than some other party stalwart, to the us. Senate. Four years earlier, Standard had helped elect to the US. Senate a friendly West Virginia oilman, Johnson N. Camden, whose company, renamed Consolidated Oil, had already been secretly bought out by Rockefeller. Camden, too, was a Democrat.
Population distribution. To make the obvious analogy, it paralleled in magnitude, if not flow, the redistribution that coal had wrought in Britain. Following the huge 1901 Spindletop oil discovery in Gulf Coast Texas, when wells able to produce one hundred thousand barrels per day dwarfed previous five-thousand-barrel capabilities, Americans concluded that supply was enormous, verging on endless. Two more decades ushered in the petro-landscape described by Davenport and Cooke. Coal continued to lead for a while in percentage terms, but America's prevailing twentieth-century corporate, transportation, energy, and residential infrastructure was being shaped around petroleum.
American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century by Kevin Phillips