Huge profits seen for weapons makers. Secret Combinations prosper.

Yes indeed, war is a racket.  Check out the amazing profits these companies are making from this war:

ARMS manufacturers are making record profits from the war on terrorism and unprecedented spending on weapons programs.

The massive earnings have drawn condemnation from Australian defence experts, who say expensive weapons such as jet fighters, warships and satellites are not the way to combat terrorism.

The world’s biggest arms maker, Lockheed Martin in the US, maker of fighter jets including the F-35 Joint Strike Fighter, which Australia is buying, announced last week it had increased third-quarter profits by 22 per cent to $US11.1 billion ($12.1 billion).

Northrop Grumman, maker of aircraft carriers, submarines and bombers, increased profits 62 per cent to $US489 million.

At General Dynamics, maker of the Abrams tank, which Australia has just bought, profits climbed 24 per cent to $US544 million.

Britain’s BAE said its profits were up 27 per cent to £657 million ($1.23 billion).

In Australia profits for the Government-owned naval ship and submarine builder ASC rose 60 per cent last year to $30 million. The company was set up to build the Collins class submarines and is involved in the $8 billion air warfare destroyer project. General Butler said in his timeless piece, “War is a Racket”:

It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.”

“A racket is best described, I believe, as something that is not what it seems to the majority of the people. Only a small “inside” group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.”



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