Wars Enrich Tech Plutocrats

Major geopolitical shocks (here: the Iran war) can produce very rapid, concentrated market capitalization gains for a small set of tech, cloud and energy firms while imposing material costs on broad working‑class constituencies. That mismatch creates a class‑divergent politics within otherwise unitary electoral coalitions and changes the domestic incentives around foreign policy. — If wars routinely reallocate trillions to elite asset holders quickly, that reshapes who benefits politically from escalation and undercuts democratic accountability over foreign interventions.