Union soldiers destroying telegraph poles and railroads in Georgia, 1864 – art by F.O.C. Darley and engraved by Alexander Hay Ritchie, restoration by Adam Cuerden and available from the US Library of Congress’ Prints and Photographs Division (public domain image – Wikipedia “Economic Warfare”)

(11) ECONOMIC WARFARE

“War is a racket.”

Booty, loot, spoils, plunder, pillaging and sacking – not to mention piracy and slavery. And for when you can’t take it with you or just want to weaken your enemy, there’s laying waste, salting the earth or scorched earth, ravaging, razing, and general devastation or destruction. While vandalism has come to mean the latter, its historical origin in the name of the Vandals was more the despoilation of the former.

All warfare is economic warfare.

Well, not quite but close. Warfare consistently has had economic resources or targets as motive or means of waging war, albeit not universally.

That goes all the way back to its origins in prehistoric warfare, where the economic resources as motive for war were as rudimentary as hunting grounds or foraging territory.

From agriculture onwards, the economic motives of war became more concrete and durable for occupation, storage or transit – from grain to gold and everything in between, as well as the land from which economic resources were grown or mined. Humans themselves became economic resources through slavery of captives (although if more contemporary tribal warfare is any guide, prehistoric warfare often involved women as captives).

Logistics and supply lead naturally to the subject of economic warfare, which in pre-modern history was predominantly looting or sacking. Indeed, prior to the rapid growth of productivity in modern history, most windfalls of economic growth in history seem to be from population growth, trade in luxuries – and above all, from military conquest and warfare.

In short, whether war has been a racket, it certainly has been robbery on a grand scale throughout history – or vandalism on an equally grand scale.

Or piracy if you prefer – while pirates are usually seen on the opposing side to states in history, there are states that have effectively been pirates or deployed piracy (or privateers) as a means of war. Perhaps the most famous example of the latter is the piracy of other European states, most notably the English, on Spanish shipping from the Americas – although attacks on shipping, most notably by submarines, has been a feature of modern warfare, albeit to sink rather than sack the ships and their cargoes.

Yes, we tend to think of economic warfare as the modern use of economic means of state power as a substitute for military force – soft power rather than hard power – but economic warfare has been used in tandem with military force to weaken enemy states for thousand years, even by such basic (and classic) means as “ravaging the crops of the enemy”.

However, the same modern developments in trade and industry that have seen wars become comparatively less lucrative as a means for economic motives – as well as more costly – have also lent themselves to greater sophistication and effect for economic policies or warfare separately from military force.

“Policies and measures in economic warfare may include blockade, blacklisting, preclusive purchasing, rewards and the capturing or the control of enemy assets or supply lines. Other policies may include tariff discrimination, sanctions, the suspension of aid, the freezing of capital assets, the prohibition of investment and other capital flows, expropriation, and debasing the target’s currency by counterfeiting”.