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I get that people don't buy into aspects of economic theory - I write about markets for a living, and I think some economic theory is hokum at worst, or misleading at best. But on the other hand, some of it - much of it - is a very useful tool by which to understand how the world works.
In this instance, I think the extent of the economic theory involved is that: if you want to try to be a state, to hold ground, to provide services, have a bureaucracy - or just a propaganda arm - this takes resources. In simple terms, cash money.
If you don't have enough cash money, you can't buy guns. You can't buy food, or fuel. You can't pay salaries. It's harder to run your pseudo-state. And the cracks begin to show.
If you look at studies over what draws people to Daesh, you get stuff like this
They are not fueled by the idea of an Islamic caliphate without borders; rather, ISIS is the first group since the crushed Al Qaeda to offer these humiliated and enraged young men a way to defend their dignity, family, and tribe. This is not radicalization to the ISIS way of life, but the promise of a way out of their insecure and undignified lives; the promise of living in pride as Iraqi Sunni Arabs, which is not just a religious identity but cultural, tribal, and land-based, too.
If Daesh struggles to offer this promise because it struggles to find the resources just to hold itself together, then maybe the appeal of the thing fades.
I, for one, don't believe that most of the people living in Daesh-controlled territory subscribe to its ideals. And I don't believe that even the most devoted ideological movements can subsist on air and faith. I'd go so far as to argue that any suggestion that people living under Daesh or involved in Daesh are beyond western understanding is just another form of Orientalist thinking.
The reasoning in this is, I think, sound:
http://www.bloombergview.com/articles/2015-12-02/islamic-state-s-new-strategy-is-suicidal
Which is why I think military action could actually prevent Daesh from doing any more damage.
Doesn't detract from need for longer-term solutions in the region. But Daesh shouldn't really have a seat at that table.