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War and Financial Speculation: Twin Terrors

georgephillip

Diamond Member
Dec 27, 2009
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"War and financial speculation. Two industries that should provide oversized profits for some time to come.

"Tom McNamara is an Assistant Professor at the ESC Rennes School of Business, France, and a former Visiting Lecturer at the French National Military Academy at Saint-Cyr Coëtquidan, France"


McNamara posted the following short article on CounterPunch, asking, in effect, what will those who profit from mass murder do now that the US invasions and occupations of Iraq and Afghanistan can no longer support their rich-bitch lifestyles.

"The war in Afghanistan is finally coming to a close, with a majority of US troops expected to be pulled out by the end of 2014.

"And what a war it was. In addition to being undeclared and unfunded, it lasted longer than the military campaign carried out by the Soviet Union, costing the lives of 2,240 US soldiers (as of June 28th, 2013) and the American taxpayer over $660 billion.

"And just how well was that money spent? According to a story in the Washington Post, the US plans on destroying $7 billion worth of military hardware already in Afghanistan.

"The argument is that it will be cheaper to just sell it as scrap (for pennies on the pound) rather than ship it back to the US.

"The equipment being destroyed represents more than 20% of all US military hardware deployed in Afghanistan."

War and Financial Speculation » CounterPunch: Tells the Facts, Names the Names
 
"A report by the consulting group AlixPartners disturbingly tells us that the 'prospects for the defense sector' are 'clouded by shrinking military budgets in the U.S. and Europe.'

"More troubling still, we are told that 'U.S. defense spending [is] set to be cut by about 25% over the next five years and by at least $500 billion over the next 10 years.'

"This will result in 'challenges' for the aerospace industry (i.e. Military Industrial Complex) as 'the focus continues to shift away from defense and toward the commercial sector.'

"To translate that into English, the days of easy war profits are over and companies will now be forced to compete on the open market for civilian orders if they wish to survive."

Only the cockroaches will survive longer...

War and Financial Speculation » CounterPunch: Tells the Facts, Names the Names
 

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