By Chande T.S.

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This shortfall has also been built up through hefty tax cuts (bringing the level of government revenue through tax to the lowest levels in 2004 since 1950) and by massive military spending (Beams, 2004). And so, far from being the powerful and stable locus of a new empire of capitalist liberal democracy, the US is increasingly at the mercy of volatile global economic forces that have no real center of gravity. Nevertheless, the US remains unchallenged as a military power, but efforts to use this to promote the US national interest for empire building or for any other professed reason in the wake of 9/11, has foundered in Afghanistan and Iraq.

These are actors such as non-governmental organization (NGOs), national governments, United Nations agencies, social movements; think tanks and, of course, business corporations. Power functions differently here, it functions erratically and unpredictably. NGOs and other political actors compete, collaborate, clash and conflict in the unstable settings of perceived interest. Gains by political actors in one sector can be just as soon lost or dissipated because in the overall political economy of speed, power has no solid a new empire 35 basis on which to consolidate as it did in the long phase of modernity.

The culture of speed is a culture borne of the interactions of globalization, of neoliberalism and information technologies. And it is a culture that increasingly makes no distinction between work and leisure, private and public, day and night, physical and virtual. So deep has the process of internalization become, that often it is seen a badge of honor to speak of one’s life as existing in the 24/7 society. This is a life where one’s whole subjectivity blends into a flow of blurring and accelerating tasks.

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