Abstract
This article reviews three theories of U.S. imperialism: super-imperialism, ultra-imperialism, and imperial rivalry, in the context of the U.S.'s relation to the current dollar dominated, financialized growth model. Instead of ultimately choosing one theory over others, based on an analysis of the Federal Reserve's response to the financial crisis of 2007/8, the article finds evidence for all three approaches, each emphasizing a particular aspect of the global political economy. The U.S. is currently torn among three tendencies: (1) a hegemonic state that dominates geoeconomically; (2) a state serving the interests of a transnational capitalist class: (3) a state increasingly in geopolitical competition and rivalry with other states.
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