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    Home»US Politics»War and the Wealthy | The Nation
    US Politics 7 Mins Read

    War and the Wealthy | The Nation

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    March 20, 2026

    Reflections on this moment and ways to take action.

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    Demonstrator holds up a sign opposing the joint US/Israel war against Iran during an Al-Quds Day protest at Times Square, New York City, on March 13, 2026.(Mostafa Bassim / Anadolu via Getty Images)

    For thousands of years, war has been a favorite way for the rich to make money and consolidate power. High risk, high (material) reward.

    Despite recent volatility, the US stock market has been consistently driven higher by war and the inevitable rebuilding efforts, turning conflict into profit for wealthy shareholders, institutional investors and, these days, hedge funds. There is such a stark divide between those who bear the cost of war and those who stand to gain.

    Today is no different. Trump and Netanyahu are doubling and tripling down on their strategy of shoring up domestic support through endless war.

    This conflict is not about human rights. It is about power, profit and oil.

    It has little to do with the well-being of Iranians, Israelis, Americans or anyone else.

    In the 1990s, I remember anti-war protests by students at my K-8 private school in San Francisco, on the street corner outside our building. I can picture cars honking while they drove by on Masonic Avenue as middle school kids held up signs saying “No War in Iraq.”

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    In 2002, I was part of a direct-action group that was going to lock down the corporate offices in San Francisco to protest the invasion of Iraq after 9/11. The day before I got horribly sick. I might really have been sick, but I was also scared. Scared to lock down. To be putting my body on the line like that.

    My dad was a conscious objector in Vietnam. My mom was part of a weekly vigil at the federal building after 9/11.

    This was all righteous action. But quite disconnected from any relationship with the largely working-class people who serve in the US military.

    No one I know from any of the K-12 schools I went to enlisted in the military. If anything, I was taught to look down on those who served and for whom patriotism was an important value.

    Without a broad-based, cross-class alliance, anti-war efforts like my family’s are justified and right, but also isolated and ineffective.

    What do we do now? How do we organize across class and race to build an anti-war movement that can win? Here is an admittedly noncomprehensive list of suggestions:

    • Support and get involved with veterans groups organizing against the war, such as About Face: Veterans Against the War, VoteVets, Common Defense and Veterans for Peace.

    • Support and get involved with National Iranian American Council. Sign up for their regular updates and action alerts. Their e-mails have been such a helpful resource in educating myself on the current situation.

    • Support and get involved with anti-war groups like Win Without War, working to advance more peaceful US foreign policy, and Dissenters, organizing young people on college campuses, as well as multi-issue groups mobilizing against the war such as Working Families Party and MoveOn. These organizations are playing a leadership role in anti-war efforts here in the US and will be continuing to shape the response moving forward.

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    • For those interested in building a powerful anti-war movement in the long term, Grassroots Global Justice Alliance (GGJ), Grassroots International (GRI), MADRE and Peace Development Fund are partnering to launch Funders for Demilitarization. It is an emerging project and pooled fund working to increase philanthropic resources going towards grassroots work confronting US militarism, as well as developing and strengthening alternatives to militarism and war. It is a unique collaboration between grassroots social movement organizations and trusted philanthropic institutions, coming together to govern the fund and “move at the speed of trust.” For more information or to get involved, contact MADRE (a highly respected international human rights organization and the host for this project) at [email protected].

    • Join a local demonstration against US aggression and war with Iran, such as the next No Kings rally on March 28.

    • Build relationships of respect with people from Iran, Israel, West Asia and Africa, as well as with veterans and active-duty military. These will necessarily be some of the lead forces in any successful anti-war organizing.

    Even before February 28, the reasons for Donald Trump’s imploding approval rating were abundantly clear: untrammeled corruption and personal enrichment to the tune of billions of dollars during an affordability crisis, a foreign policy guided only by his own derelict sense of morality, and the deployment of a murderous campaign of occupation, detention, and deportation on American streets. 

    Now an undeclared, unauthorized, unpopular, and unconstitutional war of aggression against Iran has spread like wildfire through the region and into Europe. A new “forever war”—with an ever-increasing likelihood of American troops on the ground—may very well be upon us.  

    As we’ve seen over and over, this administration uses lies, misdirection, and attempts to flood the zone to justify its abuses of power at home and abroad. Just as Trump, Marco Rubio, and Pete Hegseth offer erratic and contradictory rationales for the attacks on Iran, the administration is also spreading the lie that the upcoming midterm elections are under threat from noncitizens on voter rolls. When these lies go unchecked, they become the basis for further authoritarian encroachment and war. 

    In these dark times, independent journalism is uniquely able to uncover the falsehoods that threaten our republic—and civilians around the world—and shine a bright light on the truth. 

    The Nation’s experienced team of writers, editors, and fact-checkers understands the scale of what we’re up against and the urgency with which we have to act. That’s why we’re publishing critical reporting and analysis of the war on Iran, ICE violence at home, new forms of voter suppression emerging in the courts, and much more. 

    But this journalism is possible only with your support.

    This March, The Nation needs to raise $50,000 to ensure that we have the resources for reporting and analysis that sets the record straight and empowers people of conscience to organize. Will you donate today?

    Michael Gast

    Michael Gast is the director of a multi-media project, Organize the Rich, documenting the stories and lessons from the last 50-plus years of efforts to organize the wealthy as part of grassroots movements for the common good. He has been organizing the rich for over twenty years, and now works as a strategist at Solidaire Network.

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