Yves here. Why is war becoming a dominant line of business for a soi-disant democracy? In the 19th century, the consensus among the capitalist classes was that armed conflict was bad for business. Europe had a nearly 100 year of peace, with only short-lived conflicts as punctuation.

The rationale for America’s militaristic foreign policy was that spreading democracy would promote peace, since as conventional wisdom had it, democracies don’t go to war with other democracies. But the more accurate statement might be that many democracies (Russia and most countries in South America being noteworthy exceptions) have accepted the US security umbrella and are no longer capable of defending themselves (for instance, Mathew D. Rose noted that “much of the German military hardware is dysfunctional due to austerity and endemic corruption“). But the promise of a Pax Americana in the wake of the fall of the USSR has instead morphed into the US running ongoing wars and counterinsurgencies, even as our troops are strained to the breaking point. And it’s clear that these campaigns are more about looting than about making America and its allies safer. The classic Military Misfortunes: The Anatomy of Failure in War has an afterword which discusses the failed Iraq peace, pointing out that it was absurd to expect the Iraqi army to be able to stand up against foreign attack (this years before it collapsed when ISIS looked cross-eyed at it). Similarly, that a big part of the failure to reconstruct the country was due to the use of US contractors. Not only did they cost ridiculously more, but the failure to employ local firms and hire locals meant little of the spending went into the Iraq economy. Rebuilding would also have given young men meaningful and well-paid work. The absence of that made them good raw material for the opposition.

In other words, America has turned long-standing commercial logic on its head. Yet there has been perilous little in the way of complaint from the business community. Is it because one of America’s recent growth engined, the tech industry, gets far too much in the way of goodies from defense-related R&D to challenge this equation? Or that US multinationals believe, rightly or wrongly, that the safety of their extended supply chains depends on military might, and so they see their interests as aligned with US adventurism? Or is it simply that the US has gotten to be very good at propaganda (see Alex Carey, Taking the Risk out of Democracy, for a long-form treatment), with the result that many people operate from assumptions that would not stand up to scrutiny?