Tag Archives | Boeing

Blood Money: These Companies and People Make Billions of Dollars From War


Via Lily Dane at Activist Post:

War against a foreign country only happens when the moneyed classes think they are going to profit from it.George Orwell

The late United States Marine Corps Major General Smedley D. Butler is perhaps most famous for his post-retirement speech titled “War is a Racket.” In the early 1930s, Butler presented the speech on a nationwide tour. It was so popular that he wrote a longer version as a small book that was published in 1935.

Butler points to a variety of examples, mostly from World War I, where industrialists whose operations were subsidized by public funding were able to generate substantial profits essentially from mass human suffering.

The work is divided into five chapters:

  1. War is a racket
  2. Who makes the profits?
  3. Who pays the bills?
  4. How to smash this racket!
  5. To hell with war!

It contains this summary:

War is a racket.

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Growing global conflict a bonanza for arms makers

Hellfire missile maker Lockheed-Martin has been among the defence companies to experience share price gains. Photo: US Air Force

Hellfire missile maker Lockheed-Martin has been among the defence companies to experience share price gains. Photo: US Air Force

via The Sydney Morning Herald:

Geopolitical instability has left many global corporations jittery.

But the world’s biggest arms producers are doing well, with shares of the top 12 publicly listed firms – based on a list by the Stockholm International Peace Research Institute – rising by almost 30 per cent on average in the last year.

Stock price data on the 12 companies reveal most have benefitted in a year in which the number of conflict zones in Europe, the Middle East and Africa has risen.

While some companies have under-performed during the period, many have risen by more than 50 per cent.

The average share rise of 30 per cent compares to a 9.3 per cent gain by the Dow Jones Industrial Average.

The top 12 listed arms producers include companies such as Boeing, which makes commercial aircraft as well as defence and missile systems.

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You Can Be A Patriot or a Profiteer…But You Can’t Be Both

This week, the three military contractors that do the most business with the Pentagon announced their quarterly profits for 2012. Their profits continue to grow while they push Washington, D.C. to protect their budgets at the expense of the rest of us. Here’s the breakdown so far for this year: This week's announcement raises a fundamental question: Should people and companies be allowed to make huge profits from war? Even raising this question in today’s environment may seem trite, but we used to have different answers than those that prevail in modern-day Washington, D.C....
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