ANTARA HALDAR
The US-Israeli campaign against Iran is reminding everyone that war is one of the most globally subsidized of human activities. Those who initiate it rarely bear the full costs, which tend to be displaced across borders, markets, and time, making decisions to initiate hostilities more likely.
CAMBRIDGE—In the space of just a few weeks, the throttling of shipping traffic through the Strait of Hormuz has revealed the true nature of the US-Israeli war with Iran. This is no regional conflict, because the entire world is being invoiced. While the size of the bill remains to be determined, it is already obvious that the belligerents won’t be the only ones paying the tab.
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