War and capitalism go hand in hand, but in this presentation Emily Gilberts will discuss that the relationship between war, money and finance has undergone a significant shift in the 21st century.
War and capitalism go hand in hand, but in this presentation I argue that the relationship between war, money and finance has undergone a significant shift in the 21st century. Drawing upon a book project in progress Emily Gilberts will focus on three main dynamics of this change.
First, the ways that militaries are folding money and finance into their combat operations will be addressed. With the ‘war on terror,’ militaries—and the US military in particular—have been deploying money “as a weapons system,” that has included disbursing money on projects ranging from infrastructure development, to promoting entrepreneurialism through to micro-loans, to civilian compensation, all as part of their counterinsurgency initiatives and winning “hearts and minds.” Second, militaries are also getting involved in “counter threat finance,” by targeting activities deemed to be aiding and abetting terrorism. Rather than impose economic sanctions, those who are involved in suspicious transactions are subject to lethal violence. Third, there is an increasing policy and public demand on states to provide compensation to victims of war and terrorism. Legal changes are being enacted to provide this compensation in ways that extend state jurisdiction and undermine the principle of sovereign immunity. In this presentation I reflect on these changes and ask: as money and finance are more deeply folded into and refracted through was and the military, how is the relationship between war and capitalism being redrawn, and with what political and geopolitical implications?
About the speaker:
Emily Gilbert is a Professor at the University of Toronto cross-appointed between the Canadian Studies Program and Department of Geography & Planning. She is an associate editor of Security Dialogue, co-editor of the book ‘War, citizenship, territory’, and has published in several journals including Political Geography, Security Dialogue, and Environment and Planning D: Society and Space.
Organized by Carola Westermeier and Marieke de Goede, as part of the ERC Consolidator Grant project FOLLOW: Following the Money from Transaction to Trial, with support from the Amsterdam Center for European Studies (ACES).