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Market Forces, Political Violence, and War
The End of Nation-States, the Rise of Ethnic and Global Sovereignties?
in Social Analysis
Author:
Caroline Ifeka
Caroline Ifeka
University College London caroline.ifeka@anu.edu.au
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In the post–Cold War era, political violence associated with wars of gain is key to economic and political transformations across nation-states.1 Under the ‘Pax Americana’ multinational corporations interacting in ‘old boy’ networks of the global capitalist class control armaments, oil production, and cyberspace. Industrial and military multinationals as well as global financial institutions, are extending their decision-making structures while becoming more concentrated; 2 there is a “hyperconcentration of (unregulated) economic and military power” predominantly Euro-American (Virilio 1997: 99). Global militarization legitimized in discourses of ‘protecting freedom’ secures world oil and gas resources for Euro-American and Sinic industrial use, promotes corporate profits, and supports the post-2000 Pax Americana. The Pax’s ‘command and control’ system seeks to checkmate Muslim control of 60 percent of world crude oil supplies by destroying ‘rogue’ regimes and investing in multinational corporations exploiting oil, diamonds, coltan, and other (finite) industrial resources in non-Muslim controlled African states (Meacher 2003). Preparation for total war is economic war.