The article focuses on the role of the US imperial state in the process of worldwide capitalist development and capital accumulation and its efforts to establish global hegemony. It argues that US imperialism has reached a critical stage in its evolution: the over-extension of the empire is causing the downfall of the domestic economy and society1. Domestic economic reconstruction has been sacrificed for global corporate and financial expansion as the interests of the capitalist ruling class lie in foreign investments and global markets.