Eric Hobsbawm, in the Guardian (6-25-05):

[Mr. Hobsbawm is author of The Age of Extremes: The Short 20th Century 1914-1991. This is an edited extract from his preface to a new edition of VG Kiernan's America: The New Imperialism.]

Three continuities link the global US of the cold war era with the attempt to assert world supremacy since 2001. The first is its position of international domination, outside the sphere of influence of communist regimes during the cold war, globally since the collapse of the USSR. This hegemony no longer rests on the sheer size of the US economy. Large though this is, it has declined since 1945 and its relative decline continues. It is no longer the giant of global manufacturing. The centre of the industrialised world is rapidly shifting to the eastern half of Asia. Unlike older imperialist countries, and unlike most other developed industrial countries, the US has ceased to be a net exporter of capital, or indeed the largest player in the international game of buying up or establishing firms in other countries, and the financial strength of the state rests on the continued willingness of others, mostly Asians, to maintain an otherwise intolerable fiscal deficit.

The influence of the American economy today rests largely on the heritage of the cold war: the role of the US dollar as the world currency, the international linkages of US firms established during that era (notably in defence-related industries), the restructuring of international economic transactions and business practices along American lines, often under the auspices of American firms. These are powerful assets, likely to diminish only slowly. On the other hand, as the Iraq war showed, the enormous political influence of the US abroad, based as it was on a genuine "coalition of the willing" against the USSR, has no similar foundation since the fall of the Berlin wall. Only the enormous military-technological power of the US is well beyond challenge. It makes the US today the only power capable of effective military intervention at short notice in any part on the world, and it has twice demonstrated its capacity to win small wars with great rapidity. And yet, as the Iraq war shows, even this unparalleled capacity to destroy is not enough to impose effective control on a resistant country, and even less on the globe. Nevertheless, US dominance is real and the disintegration of the USSR has made it global.

The second element of continuity is the peculiar house-style of US empire, which has always preferred satellite states or protectorates to formal colonies. The expansionism implicit in the name chosen for the 13 independent colonies on the east coast of the Atlantic (United States of America) was continental, not colonial. The later expansionism of "manifest destiny" was both hemispheric and aimed towards East Asia, as well as modelled on the global trading and maritime supremacy of the British Empire. One might even say that in its assertion of total US supremacy over the western hemisphere it was too ambitious to be confined to colonial administration over bits of it.

The American empire thus consisted of technically independent states doing Washington's bidding, but, given their independence, this required continuous readiness to exert pressure on their governments, including pressure for "regime change"and, where feasible (as in the mini-republics of the Caribbean zone), periodic US armed intervention.

The third thread of continuity links the neo-conservatives of George Bush with the Puritan colonists' certainty of being God's instrument on earth and with the American Revolution - which, like all major revolutions, developed world-missionary convictions, limited only by the wish to shield the the new society of potentially universal freedom from the corruptions of the unreconstructed old world. The most effective way of finessing this conflict between isolationism and globalism was to be systematically exploited in the 20th century and still serves Washington well in the 21st. It was to discover an alien enemy outside who posed an immediate, mortal threat to the American way of life and the lives of its citizens. The end of the USSR removed the obvious candidate, but by the early 90s another had been detected in a "clash" between the west and other cultures reluctant to accept it, notably Islam. Hence the enormous political potential of the al-Qaida outrages of September 11 was immediately recognised and exploited by the Washington world-dominators...

...It may be that it makes sense only in terms of the calculations, electoral or otherwise, of American domestic policy. It may be a symptom of a more profound crisis within US society. It may be that it represents the - one hopes short-lived - colonisation of Washington power by a group of quasi-revolutionary doctrinaires. (At least one passionate ex-Marxist supporter of Bush has told me, only half in jest: "After all, this is the only chance of supporting world revolution that looks like coming my way.") Such questions cannot yet be answered.

It is reasonably certain that the project will fail. However, while it continues, it will go on making the world an intolerable place for those directly exposed to US armed occupation and an unsafer place for the rest of us.