Monday, January 16, 2012

War is a Profitable Business

The destruction of Iraq by the US military has been a boon to weapons manufacturers like Lockheed-Martin, Raytheon, and Boeing, who depend on the Pentagon -- and a robust military budget -- to provide an unceasing flow of revenue.

These firms have an interest in a continually expanding war budget, and will see to it that there's no shortage of potential enemies whose demise must be presided over by the combined forces of the US Army, Navy, Air Force and Marines -- profitably equipped by the combined forces of Lockheed-Martin, Raytheon and so on.

Downstream, firms like Becthel (one of whose directors, George Shultz, led a committee that lobbied for the invasion of Iraq), Fluor, (Dick Cheney's old firm) Halliburton, and dozens of others, pocket billions of dollars in Iraq reconstruction contracts.

This is the charmed circle of US capitalism. Corporate America builds the bombs and missiles to destroy the infrastructure of other countries, and then moves in to rebuild what it has destroyed... At a huge profit...