Egemony is historically lost in three stages: production, finance, and military. The United States has lost hegemony in production, though it still has some remaining areas of technological hegemony, including those related to the military. It is seeing its
financial hegemony challenged, though still in the very early stages and revolving around the status of the US dollar. Even though the economic and political aspects of its decline might be accelerating, it still retains military power – creating a temptation for the US to attempt to overcome the consequences of its economic decline by military or military
related means. We talk about it with one of the greatest anti-imperialist thinker of our time, Vijay Prashad

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