A Programmatic Statement of the American Ruling Class
In September 2026, the Council on Foreign Relations'
flagship journal, Foreign Affairs, published an article whose importance goes
beyond the immediate policy debate it seems to address. Its author, David S.
Cohen, is more than an academic or minor commentator. He has a career that
places him at the heart of the connection between Wall Street, the intelligence
community, and the Democratic Party: he was deputy director of the CIA under
Barack Obama and Joe Biden, served as Treasury undersecretary for terrorism and
financial intelligence, and is now a senior partner at WilmerHale, a leading
Washington law firm. Cohen’s background makes it hard to dismiss his words as
mere speculation or bureaucratic quirks. Instead, they represent a clear
statement from the American ruling class during a serious crisis.[1]
Cohen’s argument is stark and remarkably frank. He advocates
that the CIA and NSA should be officially incorporated into the profit-driven
activities of American companies. He argues that these intelligence agencies
should collect proprietary data overseas and pass it directly to US businesses in
key sectors such as semiconductors, AI, aerospace, and weapons production.
Essentially, the spy agencies should act as R&D arms of corporate America,
providing exclusive intelligence to firms whose success is critical to the
strategic competition with China.
This proposal signals a new phase in the decline of American
capitalism and the rise of global conflict. It reflects how an imperialist
power, facing economic downturn, tries to offset this by deploying its coercive
tools—military, intelligence, and financial assets. As the U.S. can no longer
sustain leadership through industrial or technological edge, it increasingly
depends on its unmatched coercive measures: its military strength, surveillance
systems, and dominance over global finance. Cohen’s idea encapsulates this
strategic change.
The article's importance lies not in its novelty but in its
honesty. Over many years, the US has used its large surveillance networks to
collect intelligence that supports American corporations. The European Parliament exposed the ECHELON network in the late 1990s; it intercepted communications from European companies that competed with US firms. In 2000,
ex-CIA Director James Woolsey confirmed that the US monitored European
businesses. The 2013 Snowden revelations revealed NSA efforts to target
Petrobras, hack Huawei’s servers, and follow trade negotiations. At the time,
WSWS noted that NSA actions against Huawei resembled Washington's accusations
that Huawei was spying on the US.
Cohen proposes to openly acknowledge what has long been practised:
removing the pretence that intelligence gathering and sharing with private
corporations like Boeing, Lockheed Martin, or Nvidia are separate. The supposed
distinction was always a fiction. Now, Cohen insists on discarding this
illusion. This change signals that the American ruling class is preparing
society for the acceptance of intelligence agencies operating on behalf of
private corporations, which is a characteristic indicator of imperialist
decline.
View this development within the wider context of American
capitalism, the evolution of the intelligence sector, and the international
crisis of imperialism. Cohen’s suggestion is not an anomaly but a natural
outcome of long-standing trends: the merging of finance capital with the state,
the militarisation of economic policy, and the adaptation of intelligence
agencies into tools for corporate strategy.
The United States faces a world where its economic dominance
is diminishing. China has overtaken the US in manufacturing and leads in
several industrial sectors, while rapidly advancing technologies vital to
military strength. The American elite sees this not as a challenge to address
through investment, planning, or social reforms, but as a threat that requires
coercion. The “all tools” approach Cohen mentions reflects war-preparation
language. The sectors he highlights—semiconductors, AI, aerospace, weapons
systems—are exactly those central to the Pentagon’s planning for potential
conflict over Taiwan.
Cohen’s proposal signals more than a policy change; it clearly
declares intent: intelligence agencies will serve corporate interests directly,
and the corporate sector will become part of the war effort. The lines between
the state and capitalism, foreign policy and corporate strategy, national
security and profit are blurring. To understand the full significance of this
shift, we need to consider the historical role of intelligence agencies, the
structural crisis facing American capitalism, and the global spread of
imperialism. Cohen’s article highlights a deeper process: turning the United
States into a war economy and undermining democratic rights both domestically
and internationally. In this context, the purpose and risks of Cohen’s proposal
become apparent.
The Myth of “Self‑Prohibition”: The Historical Record of
US Economic Espionage
Cohen’s central claim — that the United States has nobly
refrained from economic espionage — is not merely misleading but demonstrably
false. The historical record leaves no room for ambiguity. For decades, the US
intelligence apparatus has been systematically deployed to gather proprietary
information abroad for the direct benefit of American corporations. This is not
an aberration or a matter of isolated incidents; it is a structural feature of
US imperialism.
The ECHELON surveillance network, exposed by the European
Parliament in the late 1990s, revealed that the US and its Five Eyes partners
intercepted communications of European firms competing with American companies
for major contracts. US corporations received intelligence gleaned from ECHELON, giving them decisive advantages in international bidding
processes. In 2000, former CIA Director James Woolsey openly admitted in the Wall
Street Journal that the US spied on European companies, justifying the
practice as “levelling the playing field.” His admission was
remarkable not for its content — which had long been suspected — but for its
brazenness.
The 2013 Snowden revelations provided further irrefutable
evidence. The NSA targeted Petrobras, Brazil’s state‑owned oil giant,
infiltrated Huawei’s servers, and monitored trade negotiations. These
operations were not conducted for abstract “national security” reasons but to
secure strategic advantages for American firms and shape global markets in line
with US interests. The WSWS documented that the NSA was doing to
Huawei precisely what Washington accused Huawei of doing to the United States.
Against this backdrop, Cohen’s claim of a “self‑prohibition”
collapses entirely. The distinction between intelligence gathered to “shape
policy” and intelligence handed directly to Boeing, Lockheed Martin, or Nvidia
was always a fiction — a fig leaf designed to obscure the reality of state‑corporate
collusion. Cohen’s proposal removes the fig leaf. It is not a new departure but
an open avowal of longstanding practice, now elevated to official doctrine.
ECHELON and the European Parliament’s Investigation
In the late 1990s, the European Parliament launched a formal
investigation into the ECHELON network, a global surveillance system operated
by the United States and its closest intelligence partners—the United Kingdom,
Canada, Australia, and New Zealand—collectively known as the Five Eyes. ECHELON
had long been rumoured to exist, but the investigation was the first systematic
attempt by a major political body to uncover its scope, purpose, and
implications. The inquiry revealed a surveillance apparatus far more expansive
than anything Washington or London had publicly acknowledged, with operations
extending well beyond traditional national‑security concerns.
The European Parliament’s report concluded that ECHELON was
not merely a tool for intercepting diplomatic or military communications. It
had been used to monitor the commercial activities of European firms competing
with American corporations for major international contracts.
The program intercepted, analysed, and—crucially—passed telecommunications data, satellite transmissions, and private corporate communications to US
companies. This intelligence gave American firms privileged insight into
competitors’ bids, pricing strategies, and technological capabilities, giving
them a decisive advantage in securing lucrative deals.
The investigation highlighted several concrete cases.
European aerospace companies, for example, repeatedly lost contracts to US
rivals under circumstances that raised suspicions long before ECHELON was
formally scrutinised. The Parliament’s findings confirmed what many suspected:
US intelligence agencies were deployed not simply to protect national security
but to advance American corporations' commercial interests. The line between
state power and private profit had blurred to the point of being
indistinguishable.
The ECHELON revelations were politically explosive. European
governments protested, and the Parliament issued warnings about the
implications for sovereignty, privacy, and fair competition. Yet Washington
responded with denial and deflection. US officials insisted that any
intelligence gathering was aimed at combating corruption—specifically bribery
by European firms—rather than securing commercial advantage. This justification
was as self‑serving as it was implausible. The notion that the CIA and NSA acted
as global anti-corruption watchdogs strained credulity, especially given the
documented pattern of intelligence flowing directly to American corporations.
The ECHELON affair exposed a fundamental truth about US
intelligence operations: economic espionage was not an aberration but a
structural component of American imperial strategy. The United States possessed
unparalleled surveillance capabilities, and it used them not only to shape
geopolitical outcomes but to tilt the playing field of global capitalism in
favour of its own corporations. The intelligence agencies functioned as
instruments of state‑corporate power, gathering information that could be
weaponised in commercial competition.
This historical record directly contradicts David S. Cohen’s
claim that the United States has nobly refrained from economic espionage. The
ECHELON investigation demonstrated that such restraint never existed. What
Cohen calls a “self‑prohibition” was always a fiction—a rhetorical device
designed to obscure the reality of state‑sanctioned corporate espionage. The
distinction between intelligence gathered to “shape policy” and intelligence
handed directly to American firms was a fig leaf, and ECHELON tore it away.
ECHELON's significance lies not only in what it revealed
about past practices but in what it foreshadowed. By the end of
the 20th century, the fusion of state surveillance and corporate interests was
already well advanced. Cohen’s proposal in Foreign Affairs does not
mark a new departure but formalises a long‑standing reality. The
intelligence agencies have been serving corporate America for decades; Cohen
merely demands that this relationship be openly acknowledged and
institutionalised.
James Woolsey’s Admission
In 2000, former CIA Director James Woolsey published an
extraordinary article in the Wall Street Journal in which he openly
admitted that the United States routinely spied on European corporations. The
admission was not surprising in substance—by that point, allegations of US
economic espionage had circulated for years—but its brazenness was striking.
Woolsey did not deny the practice, minimise it, or cloak it in diplomatic
euphemism. Instead, he justified it outright, presenting US surveillance of
foreign firms as both necessary and morally defensible.
Woolsey’s argument rested on a simple claim: European
corporations engaged in “bribery,” and therefore the United States was merely
“levelling the playing field.” According to Woolsey, American firms were at a
disadvantage because they supposedly adhered to higher ethical standards, while
their European competitors secured contracts through illicit payments. He
insisted the CIA was not stealing commercial secrets to benefit US corporations
but exposing corruption abroad. This framing allowed Woolsey to recast economic
espionage as a form of global public service—an anti‑corruption crusade rather
than a tool of imperialist advantage.
The justification was as self‑serving as it was implausible.
The notion that the CIA and NSA were acting as international guardians of
business ethics strained credulity, particularly given the long history of US
intelligence agencies supporting dictatorships, coups, and covert operations
that had nothing to do with moral rectitude. Woolsey’s argument was a classic
example of imperialist ideology: the United States presents its own predatory
actions as defensive, reluctant, or altruistic, while depicting the behaviour
of its rivals as inherently corrupt or illegitimate.
More importantly, Woolsey’s admission confirmed what many
already suspected: the US intelligence apparatus was deeply involved in
gathering proprietary information for the benefit of American corporations. His
article appeared after the European Parliament’s investigation into the ECHELON
network revealed that the US and its Five Eyes partners intercepted
communications of European firms competing with American companies for major
contracts. Woolsey’s intervention was clearly intended to defuse the political
fallout by reframing economic espionage as a moral necessity rather than a
violation of sovereignty and fair competition.
The brazenness of Woolsey’s argument reflected a deeper
truth about US imperialism. By 2000, the fusion of state power and corporate
interests was already well advanced. Intelligence agencies did not operate
independently of American capitalism; they served it. Woolsey’s article made
explicit what had long been implicit: the CIA’s activities were not confined to
traditional national‑security concerns but extended directly into the realm of
commercial competition.
His admission also exposed the hollowness of the
claim—repeated endlessly by US officials—that the United States refrains from
economic espionage. Woolsey did not deny the practice; he defended it. The
“self‑prohibition” invoked by figures like David S. Cohen two decades later was
already a fiction in 2000, and Woolsey’s article demonstrated that the US
ruling class had no qualms about discarding it when politically expedient.
Woolsey’s intervention matters not only for its content but
also for its timing. It appeared as globalisation accelerated, competition
between American and European firms intensified, and the US began to confront
the rise of China as a major industrial power. Woolsey’s argument foreshadowed
the more aggressive posture the US would adopt in the decades to come,
culminating in the open calls—such as Cohen’s—for the intelligence agencies to
serve as direct instruments of corporate strategy.
In retrospect, Woolsey’s article marks an early shift: the
intelligence apparatus transformed into a tool of economic warfare,
deployed not merely to defend US interests but to secure the commercial
dominance of American capitalism. It candidly admitted a practice that would
soon become central to US geopolitical strategy.
The Snowden Revelations
The Snowden disclosures of 2013 provided some of the most
damning and irrefutable evidence of US economic espionage to date. When former
NSA contractor Edward Snowden released internal documents detailing the scope
and operations of the American surveillance apparatus, the revelations
shattered the carefully maintained fiction that US intelligence agencies
confined themselves to “national security” concerns. Instead, the documents
exposed a sprawling global surveillance system that targeted not only foreign
governments and military organisations but also major corporations, trade
negotiators, and industrial sectors central to other countries' economic
development.
One of the most striking examples was the NSA’s targeting of
Petrobras, Brazil’s state‑owned oil company. Petrobras was not a terrorist
organisation, a military threat, or a conduit for espionage. It was a
commercial entity whose strategic importance lay in its control over Brazil’s
vast offshore oil reserves. The NSA’s surveillance of Petrobras had no
conceivable “security” justification. It was economic espionage in its purest
form: stealing proprietary information from a foreign corporation to benefit US
strategic and commercial interests. The operation demonstrated that the
intelligence agencies were prepared to deploy their most sophisticated tools
against any entity whose activities intersected with American geopolitical or
economic objectives.
Even more politically explosive was the revelation that the
NSA had infiltrated Huawei's servers, the Chinese telecommunications giant. At
the time, Washington was waging a propaganda campaign accusing Huawei of acting
as an arm of the Chinese state, stealing intellectual property, and embedding
“backdoors” in its equipment to facilitate espionage. Yet Snowden’s documents
showed that the NSA was doing precisely what the US government claimed Huawei
was doing: penetrating the company’s internal networks, accessing its
communications, and gathering intelligence on its technological development.
The hypocrisy was staggering. The WSWS documented extensively that the NSA’s
operations against Huawei mirrored, almost exactly, the accusations levelled
against the Chinese firm.
The Snowden files also revealed that the NSA monitored
international trade negotiations, including communications between diplomats
and economic ministries. These operations were not aimed at preventing
terrorism or safeguarding national security. They were designed to give the
United States an advantage in shaping global trade rules, securing favourable
terms, and undermining other countries' negotiating positions. In other words,
the intelligence agencies were directly intervening in the global economic
order on behalf of American capitalism.
Taken together, these revelations demolished the
claim—repeated endlessly by US officials—that the United States refrains from
economic espionage. The NSA’s targeting of Petrobras, Huawei, and trade
negotiators showed that economic intelligence gathering was not an aberration
but a core function of the surveillance apparatus. The distinction between
“policy‑shaping intelligence” and intelligence used to benefit American
corporations proved to be a fiction.
The Snowden disclosures therefore provide essential context
for understanding David S. Cohen’s proposal. What Cohen advocates openly
today—the formal integration of the intelligence agencies into the profit‑making
operations of US corporations—was already being practised covertly a decade
earlier. Snowden revealed the reality; Cohen now demands its official
codification.
The Fig Leaf of “Policy‑Shaping Intelligence”
The supposed “self‑prohibition” was never more than a paper
distinction—a bureaucratic fiction designed to obscure how the American
intelligence apparatus has long operated. For decades, US officials have
insisted that while the CIA and NSA gather information relevant to “policy
formation,” they refrain from passing proprietary intelligence directly to
American corporations. This claim has always been untenable. The boundary
between “policy‑shaping intelligence” and intelligence used to benefit Boeing,
Lockheed Martin, or Nvidia was so porous it was practically nonexistent. The
distinction served a political purpose: it allowed Washington to maintain the
pretence that its surveillance apparatus was guided by national‑security
imperatives rather than the commercial interests of American capitalism.
Cohen now proposes to remove the fig leaf entirely. In
Foreign Affairs, he argues not that the United States should begin engaging in
economic espionage, but that it should openly acknowledge and formalise what it
has long practised. He insists that intelligence agencies must be integrated
directly into the profit‑making operations of US corporations, supplying them
with proprietary information gathered abroad. In effect, Cohen demands that the
CIA and NSA become institutionalised components of corporate strategy —
research‑and‑development arms of firms deemed essential to the geopolitical
struggle against China.
This is not a departure from past practice but the open
avowal of it. The ECHELON revelations, Woolsey’s admissions, and the Snowden
disclosures all showed that the US intelligence apparatus has long been used to
secure commercial advantages for American firms. What is new is a senior figure
in the intelligence establishment's willingness to declare this openly, in the
pages of the ruling class’s most authoritative journal. Cohen’s proposal
signals that the American elite no longer feels compelled to disguise the
fusion of state surveillance and corporate profit. The ideological cover is
being discarded.
The significance lies in the public declaration. When a
former deputy CIA director calls for the intelligence agencies to serve openly
as instruments of corporate America, it indicates a shift in the political
climate. The American ruling class is preparing the population for the
normalisation of intelligence‑agency operations on behalf of private
corporations — a hallmark of imperialist decay. In periods of capitalist
crisis, the separation between state and capital collapses. The state's
coercive apparatus is mobilised directly to secure monopoly capital's interests,
and the ideological justifications that once masked this relationship fall
away.
Cohen’s proposal must therefore be understood as part of a
broader transformation: the militarisation of economic policy, the integration
of corporate America into the machinery of war, and the erosion of democratic
norms. The intelligence agencies, once nominally confined to foreign threats,
are being repurposed as instruments of economic warfare. Their operations will
increasingly target not only foreign competitors but domestic dissent, labour
struggles, and any activity deemed inimical to the interests of “strategic”
corporations.
The removal of the fig leaf marks a new stage in the crisis
of American capitalism — one in which the ruling class prepares for war abroad
and repression at home, and seeks to legitimise both through the language of
national security.
The Fusion of Finance Capital and the State: Lenin’s
Framework
Cohen’s proposal must be understood within the framework
Lenin developed in Imperialism, the Highest Stage of Capitalism.
Lenin’s analysis remains indispensable because it identifies capitalism's
structural tendencies at its highest stage—tendencies that do not depend on
political leaders' subjective intentions but arise organically from the
concentration of capital, the domination of finance, and the global struggle
for markets. In the epoch of imperialism, Lenin wrote, the fusion of finance
capital with the state apparatus becomes the defining feature of economic and
political life. The state ceases to function as an arbiter between competing
social interests and instead becomes the direct instrument of monopoly capital.
Conversely, monopoly capital becomes inseparable from the state, relying on its
coercive powers—military, diplomatic, and intelligence—to secure markets,
suppress rivals, and maintain profitability.
This process has reached a new stage in the United States.
The integration of intelligence agencies into American corporate operations is
not an aberration but the logical expression of the fusion Lenin described. The
CIA and NSA, once nominally confined to foreign policy and national security,
are now being openly repurposed as instruments of corporate strategy. Cohen’s
proposal does not introduce a new relationship between state and capital; it
merely codifies and legitimises one that has been developing for decades.
The transformation of the US state into the executive
committee of finance capital is visible across every domain of policy. The
Pentagon’s partnerships with Silicon Valley, the CHIPS Act’s subsidies for
semiconductor firms, and the Treasury Department’s weaponisation of financial
sanctions all show how the machinery of the state has been mobilised to secure
American corporations' interests. The intelligence agencies are the final
component of this apparatus to be openly integrated into the corporate sphere.
Their vast surveillance capabilities, once justified in the name of national
security, are now being redirected toward the commercial battlefield.
Lenin emphasised that imperialism is characterised by monopoly
dominance and the export of capital. In the contemporary United States, these
monopolies are concentrated in sectors such as semiconductors, artificial
intelligence, aerospace, and weapons manufacturing—the very industries Cohen
identifies as “strategic.” These firms do not compete on market forces alone;
they depend on state intervention, subsidies, and coercive power. Cohen’s
proposal reflects the reality that American capitalism can no longer maintain global
dominance through economic means alone. Its industrial base has eroded, its
share of global manufacturing has declined, and China increasingly challenges
its technological supremacy.
In this context, the fusion of state and capital
intensifies. The intelligence agencies become instruments of economic warfare,
gathering proprietary information abroad and delivering it directly to American
firms. The state mobilises its coercive apparatus to compensate for the decline
of US industrial competitiveness. Cohen’s proposal therefore marks a new stage
in imperialist decay: intelligence operations become tools of corporate profit, and the boundary between state power and private capital erodes.
State Capitalism and the Strategic Industries
The Trump administration’s equity stakes in Intel and other
“strategic” firms, the Biden administration’s CHIPS Act subsidies, and the
Pentagon’s increasingly direct contracting with Silicon Valley have already
created a form of state capitalism in the United States. These developments
show that the fusion of state power and monopoly capital—which Lenin identified as the hallmark of imperialism—is not an abstract theoretical tendency
but an active, accelerating process. The American state is no longer merely
regulating or supporting private industry; it is becoming structurally
intertwined with it. Cohen’s proposal would complete this fusion by integrating
the intelligence agencies themselves into the corporate profit‑making process.
The CIA and NSA would no longer function, even nominally, as
institutions concerned with foreign policy or national security. They would
become instruments of corporate strategy, deployed to secure the commercial
dominance of American firms in sectors deemed essential for geopolitical
supremacy. Cohen’s vision is explicit: the intelligence agencies should
identify vulnerabilities in foreign competitors, map supply chains for
sanctions and sabotage, steal proprietary research, and provide privileged
intelligence directly to US corporations. These are not hypothetical tasks;
they are the operational functions of an intelligence apparatus repurposed for
economic warfare.
This is not “industrial policy.” Industrial policy implies
state planning, investment, and coordination to strengthen national productive
capacity. Cohen’s proposal is something qualitatively different: the
militarisation of the entire economy. It represents the state's transformation
into the executive committee of finance capital in its most literal form. The
intelligence agencies—historically instruments of covert intervention, coups,
and geopolitical manipulation—would now be openly tasked with securing the
profitability of American corporations.
The implications are profound. First, the distinction
between civilian and military sectors collapses. Semiconductor firms, AI
companies, aerospace manufacturers, and weapons contractors become extensions
of the national‑security state. Their commercial success becomes a matter of
national survival, and their interests become indistinguishable from those of
the Pentagon and intelligence agencies. This fusion ensures that any challenge
to these corporations—whether from foreign competitors or domestic labour
struggles—will be treated as a threat to national security.
Second, the intelligence agencies gain a new mandate: not
merely to gather information but to shape global economic outcomes. Mapping
supply chains for sabotage, identifying choke points for sanctions, and
stealing proprietary research are acts of economic warfare. They undermine rival
nations' industrial development, particularly China's. Cohen’s proposal
therefore signals an escalation in the global struggle for technological
supremacy, one that will intensify geopolitical tensions and accelerate the
drive toward conflict.
Third, integrating intelligence agencies into corporate
strategy will deepen domestic repression. Once the CIA and NSA are formally
tasked with protecting the profitability of “strategic” firms, any domestic
activity that threatens those profits—strikes, protests, whistleblowing—can be
construed as a national‑security issue. The militarisation of the economy
inevitably militarises labour relations.
Cohen’s proposal thus marks a new stage in imperialist
decay: the open transformation of the intelligence apparatus into a tool of
corporate profit, and the corresponding erosion of democratic norms. It is a
declaration that the American ruling class intends to wage economic war abroad
and suppress opposition at home, using the full coercive power of the state.
The Role of the Intelligence Apparatus
The intelligence agencies have always served the interests
of the American ruling class. From their inception, their primary function has
not been to defend “national security” in any abstract or neutral sense, but to protect the global interests of American capitalism. The
historical record is unequivocal. The CIA’s overthrow of the Mossadegh
government in Iran in 1953 was carried out at the behest of Anglo‑American oil
interests. The 1954 coup in Guatemala was orchestrated to protect the United
Fruit Company's holdings. US corporations and banks drove the 1973 overthrow of
Salvador Allende in Chile to prevent the nationalisation of key industries.
Across Latin America, Africa, and Asia, the CIA supported dictatorships, death
squads, and military juntas whose primary function was to guarantee favourable
conditions for American investment and suppress movements that threatened
capitalist property relations.
These operations were not aberrations or excesses. They were
the normal functioning of an intelligence apparatus designed to enforce American capital's global hegemony. The CIA acted as the covert arm of US
corporate power, eliminating governments that interfered with profit extraction
and installing regimes that opened their economies to American firms. The
agency’s activities were inseparable from the interests of Wall Street, the
major banks, and the multinational corporations that dominated the post‑war
world economy.
Cohen’s proposal does not introduce a new relationship
between the intelligence agencies and corporate America. It simply formalises
and modernises a relationship that has existed for decades. What was once
carried out covertly—coups, sabotage, surveillance, and political
manipulation—would now be openly integrated into the commercial strategies of
American corporations. The intelligence apparatus becomes the direct servant of
corporate America, gathering proprietary information abroad and delivering it
to US firms in sectors deemed essential for geopolitical supremacy.
This marks the fusion of state and capital in its most
advanced form. The CIA and NSA, historically instruments of covert
intervention, would now be openly tasked with securing the profitability of
American corporations. Their operations would no longer be justified through
the language of national security but through the imperatives of global
competition. Intelligence agencies would become tools of economic warfare,
deployed to undermine foreign competitors, secure technological dominance, and
shape global markets in favour of American firms.
The implications are profound. The militarisation of
economic policy collapses the boundaries between foreign policy, corporate
strategy, and intelligence operations. The state’s coercive apparatus is
mobilised directly to secure monopoly capital's interests. The intelligence
agencies become instruments not merely of geopolitical intervention but of
commercial domination. Cohen’s proposal therefore marks a new stage in imperialist decay: the intelligence apparatus's open transformation into a
tool of corporate profit, and the corresponding erosion of any remaining
boundary between state power and private capital.
The Logic of Decline: American Capitalism in Crisis
Cohen’s proposal stems from the protracted decline of
American capitalism. The United States can no longer compete with China on
industrial production. Its share of global manufacturing has fallen
precipitously, accelerating since the 1990s. Entire sectors of American
industry—electronics, machine tools, shipbuilding, rare‑earth processing—have
been hollowed out. Infrastructure that once symbolised US industrial might is
now visibly decaying: bridges collapsing, water systems failing, rail networks
antiquated. The political system, paralysed by factional conflict and dominated
by oligarchic interests, cannot address any of these crises. The ruling class faces
a world where its economic foundations are eroding, and its global dominance is
increasingly challenged.
Unable to maintain its position through economic means, the
United States increasingly relies on its remaining advantages: military power,
intelligence capabilities, and financial coercion. These instruments—war,
surveillance, sanctions—are the tools of an imperialist power in decline. They
compensate for lost industrial supremacy by pressuring rivals geopolitically
and enforcing compliance through force rather than economic strength. Cohen’s
proposal must be understood as part of this broader shift: the mobilisation of
the intelligence apparatus as a direct instrument of economic warfare.
Cohen’s “all tools” doctrine is the language of war
preparation. It is not the rhetoric of industrial policy or economic planning,
but of a ruling class preparing to confront a major rival. The sectors he
identifies—semiconductors, artificial intelligence, aerospace, weapons
systems—are precisely those central to the Pentagon’s planning for a conflict
over Taiwan. These industries are not merely commercially significant; they are
militarily decisive. Control over advanced chips, AI‑driven targeting systems,
hypersonic technologies, and aerospace manufacturing will determine the outcome
of any future conflict between the United States and China.
Under Cohen’s proposal, intelligence agencies would not
merely gather information. They would shape the battlefield. Their operations
would include mapping Chinese supply chains for sabotage, identifying
technological bottlenecks for sanctions, infiltrating research institutions,
and stealing proprietary data from foreign competitors. These are not defensive
measures; they are offensive preparations for war. The intelligence apparatus
becomes an extension of the Pentagon’s strategic planning, integrated directly
into the economic and technological dimensions of military conflict.
The “all tools” doctrine reflects a fundamental
transformation in US strategy. Economic competition is no longer seen as
separate from military confrontation; it is treated as a component of it. The
sectors Cohen highlights are already deeply intertwined with the national‑security
state. Semiconductor firms receive billions in subsidies under the CHIPS Act.
AI companies work directly with the Pentagon on battlefield applications.
Aerospace and weapons manufacturers are embedded in the military‑industrial
complex. Cohen’s proposal extends this integration to the intelligence
agencies, making them active participants in the commercial struggle against
China.
This militarisation of economic policy marks a new stage in
imperialist decay. It signals that the American ruling class no longer believes
it can out‑innovate or out‑produce its rivals. Instead, it seeks to cripple
them through coercion, sabotage, and surveillance. The intelligence agencies
become instruments of economic warfare, deployed to maintain US dominance in
sectors essential for military supremacy.
Cohen’s proposal therefore represents not a technocratic
adjustment but a strategic escalation. It declares that the United
States is preparing for conflict—and that the intelligence apparatus will be
mobilised to shape the economic terrain on which that conflict will be fought.
Integrating the spy apparatus with corporate America is not
an isolated policy initiative but part of a broader mobilisation for
confrontation with China. The United States is reorganising its entire economic
structure around the requirements of geopolitical conflict. This is not simply
a matter of subsidies or industrial planning; it is the transformation of the
civilian economy into an adjunct of the military‑intelligence complex. The
implications are global and catastrophic. A conflict between the United States
and China—two nuclear‑armed powers with intertwined economies—would engulf the
world and threaten humanity with annihilation.
The militarisation of the economy is already well advanced.
The CHIPS Act’s subsidies for semiconductor firms are justified less on economic grounds than on national‑security imperatives. Semiconductor
production is treated as a strategic military asset, essential for weapons
systems, surveillance technologies, and battlefield communications. The
Pentagon’s partnerships with Silicon Valley—once limited to niche projects—have
expanded dramatically. Major tech firms now work directly with the Department
of Defence on AI‑driven targeting systems, autonomous weapons platforms, and
battlefield analytics. Artificial intelligence, once heralded as a
transformative civilian technology, is being integrated into weapons systems at
every level, from drone swarms to missile guidance.
Military production is expanding across the board. Aerospace
firms are receiving unprecedented contracts for hypersonic weapons, next‑generation
fighter jets, and missile‑defence systems. The US defence budget continues to
grow, absorbing ever larger portions of national resources. In this context,
Cohen’s proposal is not a departure but the next logical step: the intelligence
agencies become the research‑and‑development arm of American corporations,
supplying them with proprietary information gathered abroad and shaping their
technological trajectories in line with military requirements.
This militarisation of the economy marks a new stage in
imperialist decay. It signals that the American ruling class no longer believes
it can maintain global dominance through economic strength or technological
innovation alone. Instead, it seeks to weaponise every aspect of national
life—industry, finance, technology, and intelligence—in preparation for
conflict. The fusion of state and capital becomes total.
For years, Washington’s propaganda against Beijing has
centred on allegations of Chinese “intellectual property theft.” These
accusations have been used to justify the prosecution of Chinese‑American
scientists, the blocklisting of Chinese firms, and an atmosphere of anti‑Chinese
McCarthyism. The narrative has been relentless: China steals technology, China
infiltrates research institutions, China uses its intelligence services to
support commercial enterprises.
Now, in a remarkable display of imperialist cynicism, a
senior figure of the US intelligence establishment demands that the United
States adopt precisely the methods it denounces—only with formal legal
authorisation. Cohen’s proposal is not merely hypocritical; it is revelatory.
It exposes the ideological bankruptcy of American imperialism. The United
States accuses others of what it does itself—and now seeks to do openly.
The hypocrisy is not incidental. It is the essence of the so‑called
“rules‑based order,” a euphemism for the rule of American capital. The “rules”
apply only to others. The United States exempts itself from every norm it
proclaims. It violates international law with impunity, engages in economic
espionage while denouncing it, and weaponises global institutions to enforce
its interests.
Cohen’s proposal tears away the remaining pretence. It
reveals that the “rules‑based order” is not a system of universal principles
but a mechanism for maintaining US hegemony. When the United States can no
longer enforce its dominance through economic strength, it resorts to coercion,
surveillance, and sabotage. Intelligence agencies become instruments of
commercial warfare, deployed to cripple rivals and secure American
corporations' interests.
The Working Class and the Spy State: Repression at Home
The most important implication of Cohen’s proposal concerns
the working class. The surveillance apparatus he wants to unleash on foreign
corporations is the same one Snowden exposed monitoring the communications of
the entire American population. Once intelligence agencies are formally tasked with protecting specific corporations' profits, the line between
“foreign threat” and “domestic threat” disappears. An engineer in Shenzhen and
an autoworker in Michigan become equivalent objects of surveillance if both
threaten the interests of a “national security” firm.
The militarisation of industry requires militarising labour
relations. Strikes, protests, and workplace organising will be treated as
threats to national security. The spy apparatus will be turned inward against
workers. This is not speculation; it is the logic of authoritarianism under
capitalism: War abroad requires repression at home. Economic espionage abroad
requires labour discipline at home. The fusion of state and capital requires suppressing
democratic rights.
The working class becomes the internal enemy. Any challenge
to the profitability of “strategic” corporations—whether through industrial
action, whistleblowing, or political dissent—will be met with surveillance,
intimidation, and state repression.
Cohen’s proposal therefore marks a new stage in the assault
on democratic rights. It signals that the intelligence agencies will be
mobilised not only against foreign competitors but against the working class
itself. The spy state becomes the guardian of corporate profit, and the
struggle for workers’ rights becomes inseparable from the struggle against
imperialist war.
The Political Logic of Imperialist Decay and the Task
Before the Working Class
No faction of the American political establishment opposes
Cohen’s proposal. On the contrary, the ruling class's unanimity in integrating
intelligence agencies into corporate strategy is itself a symptom of the depth
of the crisis confronting American capitalism. Democrats and Republicans differ
only in tactics, rhetoric, and the constituencies they appeal to. On the
fundamental question—the mobilisation of the coercive apparatus of the state in
defence of American corporate interests—they are united. The intelligence
agencies, the Pentagon, Silicon Valley, and Wall Street form a single,
interlocking complex whose interests are inseparable. Cohen’s proposal is not
controversial within this milieu; it is the logical extension of policies
already underway.
The drive toward war is not the product of individual
leaders or misguided policies. It stems from the contradictions of the
capitalist system itself. Imperialism is not a choice but a necessity for a
ruling class confronting economic decline. When profitability cannot be
maintained through productive investment, technological innovation, or market
expansion, it turns to coercion, sanctions, sabotage, and war. The
militarisation of the economy, the fusion of state and capital, and the
mobilisation of the intelligence apparatus for corporate profit are not
aberrations but structural tendencies of capitalism in decay.
The United States confronts a world in which its economic
foundations are eroding. China’s rise as an industrial power threatens the
global dominance American capitalism has exercised since the end of the Second
World War. The ruling class responds not by addressing the social and economic
contradictions that have hollowed out the US economy, but by preparing for
conflict. Cohen’s proposal is another step in this trajectory: transforming intelligence agencies into instruments of economic warfare,
deployed to secure technological supremacy and cripple rivals.
Against this backdrop, the international working class
becomes decisive. Only a working class organised across national boundaries and united on a socialist program can halt this trajectory. Not the
“progressive” wing of the Democratic Party, which is fully integrated into the
national‑security state. Not European social democracy, which long ago
abandoned any pretence of opposition to imperialism. Not Chinese nationalism,
which represents the interests of a rising capitalist elite. The working class
alone has no stake in imperialist rivalry and every interest in preventing a
catastrophic conflict between nuclear‑armed powers.
The fight against war is inseparable from the fight against
capitalism. The struggle against the militarisation of society, the fusion of
state and capital, and the assault on democratic rights requires building
revolutionary leadership in the working class. The intelligence agencies Cohen
wants to unleash on foreign corporations will inevitably turn inward against
workers. The state will treat strikes, protests, and workplace organising as
threats to national security. The working class becomes the internal enemy of a
state fused with corporate power.
This is not speculation; it is the logic of authoritarianism
under capitalism. War abroad requires repression at home. Economic espionage
abroad requires labour discipline at home. The fusion of state and capital
requires suppressing democratic rights. The working class must respond with its
own form of international unity, grounded not in nationalism but in socialist
internationalism.
Articles and Bibliography
I. Foundational Marxist and Theoretical Works
- V.I.
Lenin, Imperialism: The Highest Stage of Capitalism. Lenin’s
analysis of monopoly capital, finance capital, and the fusion of the
capitalist state with corporate interests provides the essential
theoretical framework for understanding Cohen’s proposal. His
identification of imperialism as a structural necessity of capitalism in
decline is directly relevant to the militarisation of the US economy and
intelligence apparatus.
- Leon
Trotsky, The War and the International. Trotsky’s early
writings on the relationship between capitalist crisis, militarism, and
imperialist war illuminate the contemporary drive toward conflict with
China.
- David
North, The Crisis of American Democracy: North’s analysis of
the breakdown of democratic institutions in the United States and the rise
of authoritarian tendencies provides context for the domestic implications
of intelligence‑corporate fusion.
- Nick
Beams, “Globalisation and the World Economy” (WSWS): Beams’ work on
the contradictions of global capitalism and the decline of US economic
hegemony helps situate Cohen’s proposal within the broader crisis of
American capitalism.
II. US Intelligence Operations and Economic Espionage
ECHELON and Five Eyes Surveillance
- European
Parliament, “Report on the Existence of a Global System for the
Interception of Private and Commercial Communications (ECHELON)”
(1999–2001). The official investigation concluded that ECHELON
intercepted commercial communications from European firms and passed
intelligence to US corporations, confirming long‑suspected economic
espionage.
- Duncan
Campbell, “Inside ECHELON” (2000) Campbell’s investigative reporting
provides detailed technical and political analysis of ECHELON’s
capabilities and its use in commercial competition.
James Woolsey’s Admission
- James
Woolsey, Wall Street Journal Op‑Ed (2000): Woolsey openly
admitted that the US spies on European corporations, justifying the
practice as anti‑corruption. His article is significant for its brazenness
and for confirming longstanding US economic espionage.
Snowden Revelations
- Glenn
Greenwald, The Guardian (2013): Reporting based on Snowden’s
documents revealed NSA surveillance of Petrobras, Huawei, and
international trade negotiations.
- Laura
Poitras, “NSA Targets Petrobras” (2013): Poitras’ reporting showed that
the NSA targeted Brazil’s state‑owned oil company, demonstrating economic
motives behind surveillance.
- WSWS
Coverage (2013–2014): The WSWS documented that the NSA was doing to
Huawei precisely what Washington accused Huawei of doing, exposing the
hypocrisy of US claims.
III. US Industrial Policy, Militarisation, and State
Capitalism
- CHIPS
and Science Act (2022): The legislation provides massive subsidies to
semiconductor firms, justified on national‑security grounds. It marks a
shift toward state‑directed industrial policy in strategic sectors.
- Department
of Defence, “AI and Autonomy Integration Reports” (2020–2024):
Pentagon documents outline the integration of AI into weapons systems and
partnerships with Silicon Valley firms.
- Congressional
Research Service, “Defence Industrial Base: Overview and Issues” (2023):
Analysis of the expanding role of military production in the US economy.
- WSWS:
“The Militarisation of American Industry” (multiple articles) Coverage
of the Pentagon’s growing influence over technology firms and the
transformation of civilian industries into military contractors.
IV. US–China Conflict and Technological Rivalry
- Foreign
Affairs, David S. Cohen, “The Case for Economic Intelligence” (2024):
Cohen’s article argues for integrating the CIA and NSA into corporate
strategy, openly advocating economic espionage as a tool of geopolitical
competition.
- Council
on Foreign Relations Reports on US–China Technological Competition
(2020–2024): CFR analyses emphasise semiconductors, AI, and aerospace
as decisive sectors in the conflict with China.
- RAND
Corporation, “War with China: Military and Industrial Scenarios”
(2015–2023): RAND studies outline the centrality of technological
supremacy in potential conflict scenarios over Taiwan.
V. Surveillance, Authoritarianism, and Domestic
Repression
- Edward
Snowden, Permanent Record (2019): Snowden’s memoir
contextualises the NSA’s mass surveillance programs and their implications
for democratic rights.
- ACLU
Reports on NSA Surveillance (2013–2024): Documentation of domestic
surveillance programs targeting workers, activists, and political dissent.
- WSWS:
“The Spy State and the Working Class” (multiple articles): Analysis of
how surveillance tools developed for foreign intelligence are repurposed
for domestic repression.
VI. Additional Scholarly and Investigative Sources
- Tim
Shorrock, Spies for Hire: The Secret World of Intelligence Outsourcing
(2008). A detailed study of the outsourcing of intelligence functions
to private corporations and the emergence of a corporate‑intelligence
complex.
- Alfred
McCoy, In the Shadows of the American Century (2017): McCoy
examines the decline of US global power and the increasing reliance on
surveillance and coercion.
- Chalmers
Johnson, The Sorrows of Empire (2004): Johnson’s analysis of
militarism and imperial overstretch provides historical context for the
militarisation of the US economy.