By Kevin Phillips
ISBN-10: 067003486X
ISBN-13: 9780670034864
From America's most advantageous political analyst, an explosive exam of the axis of faith, politics, and borrowed funds that threatens to spoil the kingdom In his most modern big apple instances bestselling books, American Dynasty and Wealth and Democracy, Kevin Phillips confirmed himself as a strong critic of the political and monetary forces which are ruling-and imperiling-the usa. Now, Phillips takes an uncompromising view of the political coalition, led by means of radical faith, that's using the USA to the threshold of catastrophe. From old Rome to the British Empire, Phillips demonstrates that each international- dominating energy has been introduced down by means of a similar set of reasons: a deadly mixture of world over- succeed in, militant faith, source difficulties, and ballooning debt. it's this related axis of ills that has come to outline America's political and financial identification long ago decade. army miscalculations within the center East, the surge of fundamentalist faith, the striking nationwide debt, the prices of U.S. oil dependence-together those components are undermining our nation's defense, solvency, and status on the planet. If left unchecked, an analogous forces will deliver a debt- bloated, preachy, energy-starved the USA to its knees. With a watch at the earlier and a searing imaginative and prescient of the longer term, Phillips has written a booklet that no American can have enough money to disregard. compliment for Kevin Phillips and American Dynasty: "[Phillips] is a deep philosopher extraordinaire, who does a masterful activity of connecting the army- business dots. . . . A searing indictment of the Bush Dynasty." -Douglas Brinkley, mom Jones "Devastating . . . a big, troubling publication that are meant to be learn all over with care, nowhere extra so than during this city." -Jonathan Yardley, The Washington publish publication global
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Sample text
To one French visitor in the 1720s, coal was "the soul of English manufactures" for serving so many trades and domestic purposes elsewhere still fueled by wood. 19 The major innovations that made coal the grand enabler of industry were all British. Blacksmith Thomas Newcomen developed the first steam engine, installed in 1712 to pump water from a coal mine. In 1769 James Watt built a pump that was much more powerful and thus usable in all kinds of factories (not just mines with nearly free coal at hand).
Despite resources larger than Britain's, the United States never became a true coal culture. That was because settlers, for some 250 years after the settlements at Jamestown and Plymouth, kept moving west, clearing land, and cutting down trees. Sheer availability made the new nation a wood-burning culture. Even in the centennial year of 1876, the United States took twice as much energy from firewood as from coal. S. energy in 1910, when oil was already beginning its rapid military and industrial ascent.
Coal continued to lead for a while in percentage terms, but America's prevailing twentieth-century corporate, transportation, energy, and residential infrastructure was being shaped around petroleum. A century later, Spindletop's glories were only a recollection, like the boom times of Oil City, Pennsylvania. It lived on as a museum-fifteen old buildings from the boom years. As for the huge east Texas fields discovered in the late 1920s and early 1930s-Daisy Bradford no. 3, Lathrop no. 1, and the rest-by 2004 production there had fallen from 160 million barrels a year in 1936 to just 10 million.
American Theocracy: The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st Century by Kevin Phillips
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