Models of economic organizations and military conflicts. Reflections on La guerra capitalista
DOI:
https://doi.org/10.13133/2037-3651/18164Keywords:
centralization, foreign debt, protectionism, war, international moneyAbstract
In the volume La guerra capitalista by Brancaccio, Giammetti and Lucarelli (2022), the authors argue that the roots of recent international tensions lie in the massive process of centralization of capitals that has characterized the last thirty years, and in the increasingly marked tendency of the phenomenon to go beyond the boundaries of geo-political alignments. Countries winning the global competition (in particular China, Arab countries and Russia) are trying to use their credit balances in dollars to take over US companies, and the US government is reacting to this threat with various restrictions on the entry of foreign capital into domestic industry ownership, and with protectionist trade policies ownership. According to the authors’ view, this economic conflict has triggered a spiral of chain retaliation, thus multiplying the risk of military conflict. We compare this explanatory model with the main competing theories about the role of material interests in the genesis of military conflicts, and discuss some interesting implications of Brancaccio, Giammetti and Lucarelli’s analysis on the design of institutions regulating international economic relations.
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