Modern-day mispricing of warA boy plays amid debris in Karaj, Iran on April 3. Efforts to measure the true costs of war have consistently found that that they lie beyond the battlefield. As Edward Fishman of the Center on Global Energy Policy argues in his book Chokepoints, power today flows through global systems such as energy routes, financial networks, and supply chains. When their price is too low, we get oversupply: too much pollution, too much risk, and too much war. The policy challenge is therefore familiar: to discourage war, its costs must be internalised.

Source: Bangkok Post April 09, 2026 01:40 UTC