A goldmine in the making
When I was a little kid growing up in the US I used to go into my grandfather’s office where he told me more than once that war was good for business. I despised the concept as a teenager during the US war on Vietnam.
However, grandpa was right. In the US, wars are fought in somebody else’s country, but manufacturing the bombs, tanks, warplanes, artillery, ships, uniforms and food rations is a trillion dollar business. While it is the corporate elite who reap the gigantic profits, well over a million working and middleclass US citizens are dependant on an active war machine.
The US is currently involved in multiple large-scale wars abroad and despite momentary dips the Dow Jones Stock Exchange average has steadily risen. It is now around 75 percent higher than when the war on Iraq began in March 2003.
Meanwhile, Iraqis, the supposed beneficiaries of the US-led invasion and occupation, see a very different picture. Repeated opinion polls show a vast majority agrees the “liberation” mission has made things worse.