How international conflicts affect you
Behind all wars are economic interests and, as evident and painful as it is, today’s conflicts are no exception. Beyond religions or visceral hatred, there is always an economic context. In conversation with James Sène, president of 11Onze, we analyse the geopolitical context and its consequences.
For days, Israel’s war on Palestine has entered a phase of unprecedented virulence that is shaking the world. While the media and networks try to compete in portraying rawness and pain, the geopolitical ramifications of the conflict remain in the background. But US President Joe Biden made his economist view of the conflict very clear when he addressed the nation from the Oval Office to ask Congress for extraordinary funding.
The US president, beyond the epic rhetoric of America’s self-proclaimed role in the world, claimed that providing money to support Israel and Ukraine would be “an investment that will pay dividends for decades to come”. Talk of investment in the midst of a humanitarian crisis seems frivolous, and it is, but wars are business and business is good.
But what is at stake for the United States and the world economy in this conflict, and why does the world’s leading power, at a time of record indebtedness, decide to continue borrowing to “invest” in conflicts?
To analyse the international geopolitical situation and understand the economic consequences for all of us, Toni Mata talks to the president of 11Onze, James Sène.
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