Latin American Perspectives. Hegemony and the U.S. labor model

The 1970s saw important changes in the dynamics of global capitalist domination. On the one hand, new geopolitical players arrived on the international scene. On the other, the circumstances that drove developed countries to a crisis of accumulation fostered the restructuring of production and distribution, establishing new patterns in labor organization and practice. Since then, the hegemony of the United States has been increasingly threatened. Additionally, the internal economic effects of the new labor model have eroded the tenets of the American Dream. The rise in unemployment, social inequality, and poverty exposes the idea that the United States is an exceptional employment generator as a myth.