
News Link • Political Theory
Nation States Founded by the Sword and the Stock Exchange, TRNC Elections and the Greek–Israeli...
• By Ret Admiral Cem GürdenizThe Republic of Türkiye and the Turkish Republic of Northern Cyprus (TRNC) were founded by the sword.
Throughout history, some states have been founded by the sword, others by revolution, and still others by the investment portfolios of foreign powers.
The Republic of Türkiye and the Turkish Republic of Northern Cyprus (TRNC) were founded by the sword.
By contrast, in the 19th and 20th centuries, a new phenomenon emerged: states founded not by peoples, but by investment funds — such as Greece, Israel, and the Gulf monarchies. Each represents an example of artificial statehood born within the energy–security–finance triangle of Western hegemony. The conflicts that shake the region today are not wars of nations but wars of capital.
Greece and Israel — both of which directly affect the security and geopolitics of Türkiye and the TRNC — appeared not as expressions of national will, but as "geopolitical stocks" traded in the stock markets of hegemonic financial centers. Türkiye and the TRNC, founded by the sword, now face threats from these states founded by the stock exchange — or rather, by the financial elites who govern them.
Greece emerged in the 19th century from the debt markets of London and Paris bankers. Israel, a century later, was a direct product of the Rothschild financial network, the British Empire, and, later, the American oil-capital system. Anglo-Saxon hegemony thus shaped both states' models of sovereignty. Similarly, the 2004 admission of the Greek Cypriot Administration (GCA) to the European Union was not a diplomatic decision but a financial one — a move orchestrated by global finance capital to undermine Türkiye's interests in the Eastern Mediterranean and to secure control over the region's natural gas reserves.
The Turkish government and foreign ministry of the period, subdued by financial dependency, remained silent and even supported the Annan Plan — a historic act of geopolitical shortsightedness.
Greece: The Story of a State Built on Debt
Greece was born indebted. Immediately after the 1821 revolt, it financed its "war of independence" with loans from European banks. By the early 1800s, Europe had completed its First Industrial Revolution and declared global dominance under Pax Britannica. The "European identity" was being constructed on the pillars of Roman Law, Christianity, and Greek Philosophy. A border had to be drawn between Europe and the "Oriental" Turks; Balkanization became the strategy to dismantle the Ottoman Empire and transform it into a colonial appendage of Western hegemony.