Faced with the current expansion of predatory policies of neoliberalism, resulting from the financialization of the international system, we interpret war as a historical-social phenomenon at the service of capital. The so-called “war on drugs” in Latin America is an example of this perspective, since the implementation of its bureaucratic-repressive apparatus in state policies conditions marginalized territories and populations to a state of permanent war. In this article, we develop the concepts brought by classic works by contemporary authors such as Achille Mbembe, Grégoire Chamayou and Éric Alliez and Maurizio Lazzarato to reflect on the new forms of conflict arising from neoliberalism and present the cases of Peru and Rio de Janeiro (Brazil). We argue that the power of transnational capital generates the economic and social destabilization of marginalized communities, as observed in the case of Peru, and the normalization of the state of emergency based on constant military and police repression in urban peripheries, such as the favelas of Rio de Janeiro.