Opinion | Conflict And Capital: The Hidden Cost Of The Iran War

Beneath the rhetoric of righteousness, the ongoing war in West Asia reveals a stark reality of power, profit and profound human cost.

The world is praying for an early end to the Iran war, even as the opposing protagonists continue to wrap their cause in the rhetoric of righteousness: security, sovereignty, and the defence of values. Yet, beneath this moral superstructure lies a more enduring and less edifying reality: wars redistribute power and profit. They create gainers and losers in ways that are neither accidental nor always visible at first glance. The ongoing conflict involving Iran is no exception.

At the apex of the gainers stand the entrenched interests of the military-industrial complex, particularly in the United States. War, after all, is not merely an act of policy; it is also an industry. The escalation of hostilities ensures a steady demand for weapons, logistics, surveillance systems, and reconstruction contracts. For powerful corporations and the billionaires who influence or own them, volatility is not always a threat — it is often an opportunity. The stock markets, sensitive to the tremors of conflict, have historically rewarded those positioned to anticipate or manipulate such disruptions. Defence stocks rise, energy markets fluctuate profitably, and speculative capital finds fertile ground. The tragedy of human suffering is thus transmuted, in certain quarters, into the arithmetic of gain.

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