How U.S. businesses profit from war worldwide - Printable Version
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How U.S. businesses profit from war worldwide - Levin - 30-01-2024
Sahara Sajjadiankhah
December 15, 2023
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When war breaks out, military contractors can expect a rise in sales. Ever since Russia’s invasion of Ukraine in 2022, the U.S. has provided Ukraine with US$44.2 billion in military assistance. Military contractors benefit from this arrangement as the U.S. buys military equipment from these institutions and sends the weaponry to Ukraine.
For example, in Sept. 2022, the DOD worked quickly to replace US$1.2 billion in contracts to replenish U.S. military stocks for weapons sent to Ukraine.
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The current military operation in Gaza is a treasure chest for military contractors whose revenue increases as the U.S. turns to them to replenish their stocks.
The U.S. is scrambling to provide Israel with additional military funding amidst their military operation in Gaza.
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The Biden Administration has recently proposed sending an additional US$14.3 billion to Israel to further assist their military operation.
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As war continues to grow worldwide whether it be in Yemen, Ukraine, or Gaza, the ethics of foreign countries’ efforts to fuel these wars through weapon transfers is being called into question.
The U.S. and U.K.’s governments have been heavily criticized for providing weapons to Saudi Arabia amidst the ongoing proxy war between Saudi and Iran taking place in Yemen. Since fighting began in 2015 with Saudi fighting against the Houthi militia group, Yemen has seen one of the world’s worst humanitarian crises with 17 million Yemenis struggling with food insecurity and 21.6 million in dire need of humanitarian assistance
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Since 2015, Amnesty has found remnants of U.S. weapons at the scenes of destruction in Yemen, at hospitals, residential homes and mosques.
According to the International Humanitarian Law, civilians must be protected amidst war and warring entities cannot utilize indiscriminate attacks that could potentially impact civilians.
This has led to increased calls to halt the international transfer of weapons to nations such as Saudi Arabia and Israel that have been accused of killing civilians. Israel also faces criticism for accusations of aerial bombardment, food blockades, targeting civilians, targeting hospitals and the use of U.S.-supplied white phosphorus in Gaza, all prohibited under international law. However, the weapons industry is too large for the U.S. to abandon.
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In 2022, America provided Israel with US$3.3 billion in foreign assistance – 99% of that money went directly to the Israeli Defense Forces
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“The U.S. and U.S. businesses profit from war. Raytheon and all these companies, Boeing, BAE systems, all of them. It’s not just Palestine that they’re destroying. It’s Afghanistan, Iraq, Syria. All these different places in the Middle East are being destroyed by these weapons companies,”
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Despite the ethical concerns that naturally come from profiting off war, the weapons industry is still a business and profit is the primary objective of any business.
https://businessjournalism.org/2023/12/war-profit/
RE: How U.S. businesses profit from war worldwide - Migrant - 30-01-2024
Toxic money.