US EditionAmerica’s Braudelian Autumn | Benjamin Braun & Cédric Durand
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America’s Braudelian Autumn | Benjamin Braun & Cédric Durand
Hegemonic decline, according to the historian Fernand Braudel, has historically come with financialization. Amid declining profitability in production and trade, capital owners increasingly shift their assets into finance. This, according to Braudel, is a “sign of autumn,” when empires “transform into a society of rentier-investors on the look-out for anything that would guarantee a quiet and privileged life.”1 Braudel, F. (1984). Civilization a…
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