War: The Most Profitable Business in the World!

Military-industrial-complex-United-States-of-America

In January 1961,former two term US President and commander of the supreme allied forces in WW2 David  Dwight  Eisenhower used his farewell address to warn the united States of what he viewed as one of its greatest threats: the military-industrial complex composed of military contractors and lobbyists perpetuating war.Eisenhower warned that “an immense military establishment and a large arms industry” had emerged as a hidden force in US politics and that Americans “must not fail to comprehend its grave implications”. The speech may have been Eisenhower’s most courageous and prophetic moment. Fifty years and some later, Americans find themselves in what seems like perpetual war.

While perpetual war constitutes perpetual losses for families, and ever expanding budgets, it also represents perpetual profits for a new and larger complex of business and government interests.

Earlier this week The United States opened a new phase in the war against terrorism by launching airstrikes against Islamic State positions in eastern Syria. The campaign, which President Barack Obama has warned could last years, expands upon the aerial campaign the U.S. has already been conducting for more than a month against the extremists in Iraq.

The Defence Contractors seem to be making a killing by the opening of this new theater of operations in Syria. The Stock prices for 4 of the top 10 companies in the world that benefit from war (Lockheed Martin, General Dynamics, Raytheon and Northrop Grumman )set all-time record highs.

It’s the munitions makers who “stand to reap the biggest windfall, especially in the short term,” says Fortune magazine,citing Raytheon’s long-range Tomahawk missiles, and Lockheed Martin’s Hellfire’s, among others. “Small diameter bombs could be a huge winner, since aircraft can carry more of them in a single sortie,” one analyst tells the magazine.

military-industrial-complex-flag

U.S. Forces used 47 Tomahawk missiles on Monday alone, at $1.5 million a piece. According to United States Central Command. Smart “small-diameter bombs” cost about $250,000 each.

For defense companies, the offensive against Islamic State and Al-Qaeda extremists is more than a showcase for big-ticket weapons such as Lockheed’s F-22 Raptor fighter, The F-22 stealth jet that debuted in combat this week comes with a hefty price tag. Each costs an average of $190 million.

In its first night of airstrikes into Syria, the U.S. dropped about 200 munitions and launched 47 Raytheon-made Tomahawk cruise missiles, according to U.S. Central Command. The military also deployed Boeing’s GBU-32 Joint Direct Attack Munitions and Hellfire missiles from Bethesda, Maryland-based Lockheed, creating an opening for restocking U.S. arsenals. Seems like we live in a strange world where there is so much money to kill and destroy but no money to feed and house the poor.

War may be hell for some but it is heaven for others in a war-dependent economy .The business of war is profitable. In 2011, the 100 largest contractors sold $410 billion in arms and military services. Just 10 of those companies sold over $208 billion. Based on a list of the top 100 arms-producing and military services companies in 2011 compiled by the Stockholm International Peace Research Institute (SIPRI)

How about investing in peace and nonviolence? Australia’s Institute for Economics and Peace recently released its 2011 Global Peace Index, citing a veritable “who’s who” of peaceful countries. It counted up the savings had the world been at peace: more than $8 trillion last year, and almost $38 trillion over the five years since the index was started. Think of what a country such as the United States which does not fare well on the index( Ranked 86) could do with that kind of change.

6 comments

  1. @ grimot and @awewale you guys are spot on. i must tell you it is my first time of hearing about a department of lethality, quite scary if you ask me. your old flame is definitely not alone in being ignorant of the evil and destruction their ” righteous” governments do or are capable of. this is as a result of the Mass hallucinogenic effect of the Mainstream media which causes profound distortions in a person’s perception of reality. People need to learn, research and know that there are always two sides to a story.

    Like

  2. After reading “War is Racket” by Smedley Butler, the most decorated and honoured United States Marine, a very slim book, I came to understand indisputable the profitability of war. Reading the works of Anthony C Sutton, a pariah for the truth truth he tells, (cf “The Best Enemy Money Can Buy” and others) made the lucrativity of war a confirmed fact. My father, J D Tadaferua in the mid-1960s, before I was born, became skeptical of the ideals of Western democracy after he was given a copy of “The Power Elite” by C Wright Mills by Claude Ake, famous Nigerian political economist, with particular reference to the Military Industrial Complex. I once surprised a long time sweetheart who thought I was too critical of Western foreign policy with a job advert in her local newspaper that was advertising for hundreds of jobs for scientists and engineers in the “Department of Lethality” (creator of weapons of mass destruction) within the United Kingdoms’s Department (Ministry) of Defence – she and other people in the UK thought weapons of mass destruction were manufactured on planet Mars, not their “righteous government”. War is good for capitalists, good for GDP, good for securing resources on the cheap from weak nations that do not comply and is good for speculators / stock markets e.g. the prices of commodities artificially go up; wheat, gold, platinum, insurance premiums, oil, gas, transportation, you name it. War is not only about the conquest of land but the resources drain from those lands i.e. the unsustainable extraction of resources. War also teaches new leaders, say in Africa, the consequences of not complying to the “masters of war” – no need to be graphic about that.

    Like

  3. The US helps its arms industry by exhibiting new weapons in wars it fights, other countries see the power of these weapons and sign arms deals with the companies that make them. These countries’ neighbours feel threatened and run to the US or other arms producing nations for their own deals. Whether or not a war breaks out, the threat of war is enough to keep them patronising weapons makers. These weapons companies seal long term deals, pay heavy tax, the US is happy. Simple.

    Like

  4. pls i want to know who is going to pay for the missiles that cost much and hw do u.s get back their money hope ,they will not rob peter to pay paul .pls i want to know ?

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s