Closing Thought–19Feb21

We have continuous wars because of one thing…..PROFIT.

But who are these profiteers?

The U.S. ruling class deploys the military for three main reasons: (1) to forcibly open up countries to foreign investment, (2) to ensure the free flow of natural resources from the global south into the hands of multinational corporations, and (3) because war is profitable. The third of these reasons, the profitability of war, is often lacking detail in analyses of U.S. imperialism: The financial industry, including investment banks and private equity firms, is an insatiable force seeking profit via military activity.

The war industry is composed of corporations that sell goods and services to the U.S. government and allied capitalist regimes around the world. Investment banks and asset management firms hold most shares of every major public war corporation.

Consider Parsons, a corporation that sells goods and services pertaining to construction, command and control, espionage, and day-to-day military operations. Parsons’ initial public offering in May 2019, valued at roughly $3 billion, earned it an industry Corporate Growth Award. The top holders of Parsons stock are investment banks and asset management firms—including the familiar Vanguard Group, BlackRock, and State Street.

Who Are the Ultimate War Profiteers? U.S. Air Force Veteran Removes the Veil

These companies own our legislative branch…..as well as our executive branch….so until this changes we can look forward war after war.

“War Is Good Business….Invest Your Children”

To resurrect an old poster from the 70s.

Learn Stuff!

I Read, I Write, You Know

“lego ergo scribo”

8 thoughts on “Closing Thought–19Feb21

  1. It’s good to know who is behind all this. Just a shame it never changes anything long-term. They have been ‘calling out’ war profiteers since 1918, but still it goes on.
    Best wishes, Pete.

  2. We will get to the days when “Our Children” will no longer find the military very attractive and then we will have to reinstitue the draft … which will be good for Canadian tourism.

      1. Not just the gullible: when I graduated in 1988, most of my high school classmates were enlisting because there were no jobs or scholarships to be had, and going military was the “three hots and a cot” alternative to jail, as one classmate explained to me.
        Most of my classmates resented those of us who got full scholarship offers, and those were all, afaik, for engineering. I wanted to study history, but I was told that if I wanted to eat, I’d be an engineer.
        So I did, for a while.
        Stay safe,
        -Shira

      2. My education was thanx to the GI Bill from my Vietnam stay…..I studied international relations and conflict resolution and economics….neither were going to make me rich chuq

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.