Why neoliberalism can’t build peace |
Over the past year, United States President Donald Trump has pursued “peace-making” all across the world. A prominent feature of his efforts has been the belief that economic threats or rewards can resolve conflicts. Most recently, his administration has put forward economic development plans as part of peace mediation for Israel’s genocidal war on Gaza, the war in Ukraine and the conflict between Israel and Syria.
While some may see Trump’s “business” approach to “peace-making” as unique, it is not. The flawed conviction that economic development can resolve conflicts has been a regular feature of Western neoliberal peace initiatives in the Global South for the past few decades.
Occupied Palestine is a good example.
In the early 1990s, when the “peace process” was initiated, Israeli Foreign Minister Shimon Peres started advocating for “economic peace” as part of it. He sold his vision of the “New Middle East” as a new regional order that would guarantee security and economic development for all.
The project aimed to place Israel at the economic centre of the Arab world through regional infrastructure — transport, energy and industrial zones. Peres’s solution for the “Israeli-Palestinian conflict” was Palestinian economic integration. The Palestinians were promised jobs, investment, and improved living standards.
His argument was that economic development and cooperation would foster stability and mutual interest between Israelis and Palestinians. But that did not happen. Instead, as the occupation continued to entrench itself after the US-brokered Oslo Accords and the establishment of the Palestinian Authority (PA), anger in the Palestinian streets grew and eventually led to the outbreak........