In this essay the author attacks the idea that modern conflicts are more driven by economic motivations than those in the past. Romantic ideals of gentlemanly European conflicts have masked the harsh realities of war. Even in the most egregious cases of greed and ‘warlording’, the political motivations can never be fully amputated from the criminal behaviour.

If modern conflict is to be understood the language of ‘new wars’ must be avoided. In the case of the Lomé Peace Agreement, the concept of economic determinism was taken to the extreme and led to the subsequent collapse of the peace. Future peacemakers must keep this simple message in mind: money is not the only form of power.

By Jack Hamilton, 4th May, 2012

In 2007 the Former U.S. Treasury Secretary Lawrence Summers described the links between economics and politics in conflict regions as ‘something out of Dickens: you talk to international relations experts and it’s the worst of times. Then you talk to potential investors and it’s one of the best of all times’ . This idea that modern warfare has evolved into a new era in which economic motivations have overtaken political ambitions has become popularised in the post-Cold War era. The notion has led Carl von Clausewitz’s aphorism to be rephrased to claim that ‘war has increasingly become the continuation of economics by other means’ . This substitution of ‘politics’ in favour of ‘economics’ poses the question: have economic incentives created a situation in which there is now more to war than winning?

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