Share & BookmarkImmanuel Wallerstein, European Universalism: The Rhetoric of Power The New Press, 2006
Ismael Hossein-Zadeh, The Political Economy of U.S. Militarism Palgrave Macmillan, 2007
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It may be a new day under Obama, but economic black clouds loom. Immanuel Wallerstein reflects on Obama's victory and describes the current crisis as a depression, placing it in the context of broad political-economic trends. Ismael Hossein-Zadeh enumerates several flaws in Paulson's bailout plan and suggests a homeowner-centered alternative.