Cheap Wars

accumulation capital capitalism crisis differential accumulation distribution elite energy conflict globalization inflation Iraq Israel Keynesianism Lebanon Middle East military spending neo-liberalism oil ownership power prices profit ruling class TNC United States violence war warfare welfare Weapondollar-PetrodollarThe new conflicts of the twenty-first century – the ‘infinite wars,’ the ‘clashes of civilization,’ the ‘new crusades’ – are fundamentally different from the mass wars and statist military conflicts that characterized capitalism from the nineteenth century until the end of the Cold War. The novelty lies not so much in the military nature of the conflicts, as in the broader role that war now plays in capitalism