Good-Bye Hegemony! argues that hegemony is a fiction propagated to support a large defense establishment, justify American claims to world leadership, and buttress the self-esteem of voters. It is also contrary to American interests and the global order. Simon Reich and Richard Ned Lebow argue that hegemony should instead find expression in agenda setting, economic custodianship, and the sponsorship of global initiatives. Today, these functions are diffused through the system, with European countries, China, and lesser powers making important contributions. In contrast, the United States has often been a source of political and economic instability.
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"Mounting a frontal challenge to reigning theories in international relations and the conventional wisdom regarding the place of the United States in the international system, Good-Bye Hegemony! shows that the country stopped acting like a hegemon a long time ago. This accessible and engaging work will spark interesting and useful discussions in international relations and comparative foreign policy."--Jeffrey Anderson, Georgetown University