The Economics Behind Wars

War is not a violation of the international order. For a select few, it is the international order working exactly as intended; a machine that converts human suffering into corporate profit, political advantage, and generational wealth. The bombs that fall are not random. They are a calculated strategy, and behind every calculation sits a balance sheet. In 2024, the world’s top 100 arms manufacturers generated a combined $679 billion in revenue; the highest figure ever recorded in human history. American firms alone accounted for $334 billion of that total. That wealth was not created in a vacuum. It was built, contract by contract, on the rubble of Ukraine, Gaza, Lebanon, and now Iran. When Russia invaded Ukraine in February 2022, […]