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Crisis of American Capitalism and Politics
This chapter examines the evolving relationship between the American political system and the working class, as well as the historical context of American capitalism's decline. It discusses the effects of Nixon's economic policies on trade deficits and critiques the responses from various administrations, particularly during the Obama era in relation to the 2008 financial crisis. The chapter also explores the implications of U.S. foreign policy in the Middle East, focusing on contemporary electoral dynamics and the humanitarian crises impacting voter sentiment.