Steven Rosefielde is a Professor of Economics at the University of North Carolina, Chapel Hill. His most recent books include Russia in the 21st Century: The Prodigal Superpower (Cambridge University Press, 2005), Masters of Illusion: American Leadership in the Media Age (with Daniel Quinn Mills, Cambridge University Press, 2007), Russia Since 1980 (with Stefan Hedlund, Cambridge University Press, 2009), Red Holocaust (2010), Two Asias (edited with Masaaki Kuboniwa and Satoshi Mizobata, 2012), Prevention and Crisis Management (edited with Masaaki Kuboniwa and Satoshi Mizobata, 2012), and Asian Economic Systems. He holds a Ph.D. in economics from Harvard University. Daniel Quinn Mills is an Emeritus Professor of Business Administration at Harvard University. His most recent books are The Leader's Guide to Past and Future: The History of the World (2013), The Financial Crisis of 2008–10 (2010), and Rising Nations (2009, with Steven Rosefielde). He also wrote Masters of Illusion: American Leadership in the Media Age (with Steven Rosefielde, Cambridge University Press, 2007). He holds a Ph.D. in economics from Harvard University.

'Once again Rosefielde and Mills take no prisoners. Neither the right nor the left emerge unscathed from this withering account of the decay of American democracy. While this book may not comfort the afflicted, it should certainly afflict the comfortable. And what's more, it should make readers think.' Stephen J. Blank, Strategic Studies Institute, United States Army War College

• Part I. The Challenge of American Politocracy: 1. Hard times; 2. Democracy; 3. Politocracy; 4. Silver lining?; 5. Road to ruin; 6. Burden and spoils; 7. Treadmill of reform; Part II. How Politocracy Drives American Policy: 8. Subprime mortgage crisis; 9. Foreign imbroglios; 10. Transnationalism; Part III. Democratic Retreat and Revival: 11. Global retreat; 12. Recovering lost ground.

Steven Rosefielde is a Professor of Economics at the University of North Carolina, Chapel Hill. His most recent books include Russia in the 21st Century: The Prodigal Superpower (Cambridge University Press, 2005), Masters of Illusion: American Leadership in the Media Age (with Daniel Quinn Mills, Cambridge University Press, 2007), Russia Since 1980 (with Stefan Hedlund, Cambridge University Press, 2009), Red Holocaust (2010), Two Asias (edited with Masaaki Kuboniwa and Satoshi Mizobata, 2012), Prevention and Crisis Management (edited with Masaaki Kuboniwa and Satoshi Mizobata, 2012), and Asian Economic Systems. He holds a Ph.D. in economics from Harvard University. Daniel Quinn Mills is an Emeritus Professor of Business Administration at Harvard University. His most recent books are The Leader's Guide to Past and Future: The History of the World (2013), The Financial Crisis of 2008–10 (2010), and Rising Nations (2009, with Steven Rosefielde). He also wrote Masters of Illusion: American Leadership in the Media Age (with Steven Rosefielde, Cambridge University Press, 2007). He holds a Ph.D. in economics from Harvard University.

'Once again Rosefielde and Mills take no prisoners. Neither the right nor the left emerge unscathed from this withering account of the decay of American democracy. While this book may not comfort the afflicted, it should certainly afflict the comfortable. And what's more, it should make readers think.' Stephen J. Blank, Strategic Studies Institute, United States Army War College

• Part I. The Challenge of American Politocracy: 1. Hard times; 2. Democracy; 3. Politocracy; 4. Silver lining?; 5. Road to ruin; 6. Burden and spoils; 7. Treadmill of reform; Part II. How Politocracy Drives American Policy: 8. Subprime mortgage crisis; 9. Foreign imbroglios; 10. Transnationalism; Part III. Democratic Retreat and Revival: 11. Global retreat; 12. Recovering lost ground.

Steven Rosefielde is a Professor of Economics at the University of North Carolina, Chapel Hill. His most recent books include Russia in the 21st Century: The Prodigal Superpower (Cambridge University Press, 2005), Masters of Illusion: American Leadership in the Media Age (with Daniel Quinn Mills, Cambridge University Press, 2007), Russia Since 1980 (with Stefan Hedlund, Cambridge University Press, 2009), Red Holocaust (2010), Two Asias (edited with Masaaki Kuboniwa and Satoshi Mizobata, 2012), Prevention and Crisis Management (edited with Masaaki Kuboniwa and Satoshi Mizobata, 2012), and Asian Economic Systems. He holds a Ph.D. in economics from Harvard University. Daniel Quinn Mills is an Emeritus Professor of Business Administration at Harvard University. His most recent books are The Leader's Guide to Past and Future: The History of the World (2013), The Financial Crisis of 2008–10 (2010), and Rising Nations (2009, with Steven Rosefielde). He also wrote Masters of Illusion: American Leadership in the Media Age (with Steven Rosefielde, Cambridge University Press, 2007). He holds a Ph.D. in economics from Harvard University.

'Once again Rosefielde and Mills take no prisoners. Neither the right nor the left emerge unscathed from this withering account of the decay of American democracy. While this book may not comfort the afflicted, it should certainly afflict the comfortable. And what's more, it should make readers think.' Stephen J. Blank, Strategic Studies Institute, United States Army War College

• Part I. The Challenge of American Politocracy: 1. Hard times; 2. Democracy; 3. Politocracy; 4. Silver lining?; 5. Road to ruin; 6. Burden and spoils; 7. Treadmill of reform; Part II. How Politocracy Drives American Policy: 8. Subprime mortgage crisis; 9. Foreign imbroglios; 10. Transnationalism; Part III. Democratic Retreat and Revival: 11. Global retreat; 12. Recovering lost ground.