英文摘要 |
This paper explores the impact of petrodollar mechanism on the hegemony of the United States in the post-Cold War era. It particularly focuses on the two wars against Iraq respectively in 1991 and in 2003 and the Libyan war in 2011, all under the leadership of the U.S. The U.S. hegemony has been experiencing a legitimacy crisis caused by its increasing tendency towards unilateral actions in international affairs. In order to form alliances among Western nations to confront the rogue states, the U.S. government has demonstrated its willingness to bear economic losses and sacrifice its national interests ever since the 1990s. The United States was engaged in preemptive wars on terrorism to regain its legitimacy of maintaining a stable international economic order. The victories proved to be costly. To analyze such seemingly irrational behaviors, we propose the concept of 'conspicuous altruism,' based on Pierre Bourdieu's notion of symbolic capital, to find the rationale underlying the costly military actions taken by the U.S. and its allies. We further argue that the 'conspicuous altruism' signals the U.S. intention to maintain the petrodollar system, which then secures the credibility of the dollars. The U.S. can reaffirm the Dollar's status as a global reserve currency, thereby enhancing its hegemonic status. |