Capitalism relies on warfare and violence.

The Russian invasion — brutal, reckless and condemnable by any standard — has sparked debate on NATO’s proposed expansion into Ukraine and the role that it played in motivating the Kremlin. U.S. officials were keenly aware, in fact, that the drive to expand NATO to Russian borders would eventually push Moscow into a military conflict. “We examine a wide range of nonviolent measures that could exploit Russia’s actual vulnerabilities and anxieties as a way of stressing Russia’s military and economy and the regime’s political standing at home and abroad,” notes a 2019 study by the RAND Corporation, a Pentagon-affiliated think tank. “The steps we examine would not have either defense or deterrence as their prime purpose,” it states, but rather, “these steps are conceived of as elements in a campaign designed to unbalance the adversary, leading Russia to compete in domains or regions where the United States has a competitive advantage, and causing Russia to overextend itself militarily or economically.” But the provocation could not be reduced to geopolitical competition, however important, as most observers were keen to do. Missing from the larger picture was the centrality of militarized accumulation — of endless low- and high-intensity warfare, simmering conflicts, civil strife and policing — to the global political economy. Militarized accumulation refers to a situation in which a global war economy relies on the state to organize war-making, social control and repression to sustain capital accumulation in the face of chronic stagnation and saturation of global markets. These state-organized practices are outsourced to transnational corporate capital, involving the fusion of private accumulation with state militarization in order to sustain the process of capital accumulation. Cycles of destruction and reconstruction provide ongoing outlets for over-accumulated capital; that is, these cycles open up new profit-making opportunities for transnational capitalists seeking ongoing opportunities to profitably reinvest the enormous amounts of cash they have accumulated. There is a convergence in this process of global capitalism’s political need for social control and repression in the face of mounting popular discontent worldwide and its economic need to perpetuate accumulation in the face of stagnation. Wars provide critical economic stimulus. They have historically pulled the capitalist system out of accumulation crises while they serve to deflect attention from political tensions and problems of legitimacy. It took World War II to finally lift world capitalism out of the Great Depression. The Cold War legitimated a half century of expanding military budgets and the Iraq/Afghanistan wars, the longest in history, helped keep the economy sputtering along in the face of chronic stagnation in the first two decades of the century. From the anti-Communist fervor of the Cold War, to the “war on terror,” then the so-called New Cold War, and now the Russian invasion of Ukraine, the transnational elite, led by Washington, have had to conjure up one enemy after another to legitimate militarized accumulation and deflect crises of state legitimacy and capitalist hegemony onto external enemies and contrived threats.