Monday, May 24, 2010
Corporations Profit from Permanent War
US law officially proclaims Memorial Day "as a day of prayer for permanent peace."
However, the US is much closer to permanent war than permanent peace. Corporations are profiting from wars and lobbying politicians for more. The US, and the rest of the world, cannot afford the rising personal and financial costs of permanent war.
Number One in War
No doubt, the USA is number one in war. This coming year the US will spend 708 billion dollars on war and another $125 billion for Veterans Affairs - over $830 billion. In a distant second place is China which spent about $84 billion on its military in 2008.
The US also leads the world in the sale of lethal weapons to others, selling about one of every three weapons worldwide. The USA's major clients? South Korea, Israel and United Arab Emirates.
Our country has 5 percent of the world's population but accounts for more than 40% of the military spending for the whole world.