The Weaponisation of Economics
VIDEO: A critical analysis of the weaponisation of economics, by Beatrice Weder di Mauro
Research Office, Geneva Graduate Institute.
© Chappatte dans NZZ am Sonntag, Zürich
Research Office, Geneva Graduate Institute.
While the global balance of power, under the impetus of the steady rise of China, is shifting towards the Asia-Pacific, and because the future of US policy is uncertain after the election of Donald Trump, tensions in the South China Sea have once again become a major strategic concern. The South China Sea is witnessing a series of sovereignty disputes between littoral states defending rivalling claims to maritime rights and boundaries. Adding weight and urgency to the disputes are the significant natural resources found in the coveted archipelagos and sea beds as well as the rising national sentiments in many of the claimant states. The geostrategic dimension of these quarrels is largely transcending the region and the involvement of external powers such as the United States further complicates the equation. The recent legal victory of the Philippines over China can be seen as a supplementary cause for anxiety in a latent conflict that may at any time escalate into a regional or global confrontation. Henceforth the search for a negotiated solution becomes crucial as military budgets continue to soar in the region.
Soil is an essential component of the Earth’s ecosystem. It contributes to and fulfills a wide range of environmental and societal functions such as food production, water filtering, carbon storage and the preservation of biodiversity essential to the survival of the human species. While soils have witnessed significant environmental degradation in recent decades, lands have been the object of increased economic competition and financial speculation. The commercial and financial scramble for land has never been more intense as transnational actors and governments such as the Chinese seek large scale bids for land in the Global South that have been likened to new forms of neocolonialism. The consequences of this double tension include the loss of biodiversity, floods, climate change, famines, forced migration and conflict.
It is the assumption of the present Dossier that issues such as large scale exploitation of land and natural resources, soil degradation, biodiversity, food security and climate change are closely interdependent and cannot be treated in isolation. Seeking to explore and better understand the interlinkages between the material degradation of soils and the increased extractive, commercial and speculative pressure on lands, the Dossier aims to address some of the broader stakes the Anthropocene is currently facing: How irreversible is the damage that has been caused to earth’s soils? Have we reached a point of no return? How many people is the earth able to feed and for how long? Are we trapped in a Malthusian logic? How will climate change depend and interact with changing patterns of soil distribution and depletion? What is the impact of large scale deforestation and natural resource extraction on the environment, particularly the soils? What are the governance patterns and technological solutions emerging to address land depletion and scarcity? What are some of the cybernetic loops and mechanisms of autoregulation through which the earth reacts to human interference?
As images of conflict and atrocities multiply, a disturbing question resurfaces: do international treaties designed to protect civilians, prevent genocide and regulate the use of war still carry any weight? From the Convention on the Prevention of Genocide to the founding principles of humanitarian law, the legal edifice built after the Second World War is faltering. Between institutional paralysis, political manipulation and blatant impunity, there is a seeming “return to the law of the strongest”. Concurrently, the notion of genocide has gained traction again as it is mobilised by a wide range of actors to denounce Israel’s attack on Gaza and its lethal consequences since 7 October 2023.
This Dossier questions the capacity — and the limits — of international law in the face of contemporary violence. What is the current level of trust in the international legal architecture to address occurrences of mass violence? What is the relevance of the notion of genocide today, as opposed to that of war crimes or crimes against humanity? What are the political stakes in the use of terms that have a judicial grounding and are invested with historical meaning and precedents? In a world where legal landmarks are more necessary but also more contested than ever, the dossier offers valuable insights into these questions.