A U.S. counter-terrorism official has resigned in protest against the war in Iran. He views the influence of Israeli lobbying as a major factor behind the current conflict. In all likelihood, he is correct. However, I feel this is not merely a matter of historical perspective or ideology.
The core issue lies in the fact that our modern economic structure generates debt simultaneously with the issuance of currency, and that the capital of defense contractors—the bedrock of national security—exists within the same relationship. To guarantee the value of issued currency, debt is created. This debt has ballooned excessively in various forms. Furthermore, debt alone is insufficient to guarantee value.
The issuing entity requires power, and military force is part of what secures that power. The problem is a structure where the capital of the defense industry is closely linked to the corporations holding this debt. Without war, the defense industry cannot profit. And if they do not profit, it becomes structurally impossible to recover this debt.
If this debt cannot be recovered, the value of currency cannot be guaranteed, potentially leading to the collapse of the majority of the global economy. Theoretically, recovery is possible without relying on the defense industry. In reality, however, there is currently almost no mechanism for recovery as effective as war, and that remains the ultimate problem.
