Media Review: Richard Lachmann First-Class Passengers on a Sinking Ship: Elite Politics and the Decline of Great Powers

History repeats itself. Lachmann explains how. The axis of analysis turns out to be a rather narrow one. It is by unpacking intra-elite disputes within a selective group of geopolitical hegemons that we can assess its longitudinal impact over global politics and the rise and decline of empires. Elite theory and financialization studies will emerge as the main analytical tools that can sharpen our capacity to study the transformation of political institutions and anticipate its (geo)political consequences. Why are these theories relevant? A number of us, scholars working in the area where organization studies meets societal issues, can provide a personal narrative to our encounter with elite theory and financialization.