From Pax Romana to Pax Americana? The history and future of the new American Empire

This review paper focuses on the most recent cycle in the debate about the history and future of the ‘New American Empire,’ both in relation to the rise and fall of the Roman Empire specifically, and against the wider backdrop of the extensive debate about the US position in the changing global order more generally. It argues that much of the literature, including some of the books under review, rest on a misreading of history (Roman or otherwise) and a flawed grasp of the fate of the American ascendancy in relation to the contemporary crisis of the nation-state system and the far from unexpected boom–bust cycles of ‘genuinely existing’ liberal capitalism (globalization) in the twenty-first century. The washout on Wall Street in the latter part of 2008 could only come as a surprise to those who have not been paying attention to the vicissitudes of ‘genuinely existing’ liberal capitalism over the past 30 years or more. The paper argues that the American ascendancy, contrary to much of the contemporary prognostication, remains in its prime and Pax Americana will only begin a downward spiral when it has been successfully challenged and displace by an equally powerful and systemic alternative. In the meantime, the New American Empire, especially under new leadership, looks set to continue and even flourish.