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| Government Corruption |
| 'War Is A Racket' For These 25 'Defense' Companies |
| 2023-10-30 |
| [ZERO] Retired US Marine Corps Major General Smedley Butler said it first and said it best: "War is a racket. It always has been..." But what often goes unsaid is his next sentences: "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." And indeed, every year, the world’s most powerful countries spend billions of dollars on so-called 'defense'. But where does this money actually flow? To gain insight, Visual Capitalist's Marcu Lu and Bhabna Banerjee ranked the world’s top 25 defense companies by 2022 revenues, using data from Defense News. Note that their graphic shows each company’s revenues from defense, and not total revenues. This is because many companies such as Boeing also generate revenue from non-defense related industries and sectors. |
| Posted by:Besoeker |
| #4 /\ 'Rosie The Riveter' stopped fixing family lunches about that same time. No need for a |
| Posted by: Besoeker 2023-10-30 08:20 |
| #3 Notice how we harnessed American production starting in around 1940 and with urgency after December 1941. We demobilized and shifted rather well back to domestic production in 1946. It was the decision to become the world's policeman in 1948 that created a permanent MIC and the destruction of the balance of governing that allowed the old republic to exist. |
| Posted by: Procopius2k 2023-10-30 08:16 |
| #2 I'm afraid on some levels, the presence of a robust military industrial complex is like insurance. You hate paying for it until you have a claim... |
| Posted by: M. Murcek 2023-10-30 06:23 |
| #1 people.defensenews.com Top 100 Defense Companies The company I retired from was in the top 100. The company was bought last year by a larger company and now is top 50 in defense revenue. Size matters. |
| Posted by: boomerc 2023-10-30 06:12 |