Profiting (a lot!) from war....

"It’s no news (and in fact rarely makes it off the inside pages of our newspapers) that the U.S. dominates -- one might almost say monopolizes -- the global arms market. In 2011, the last year for which figures are available, U.S. weapons makers tripled their sales to $66.3 billion and were expected to remain in that range for 2012 as well. In other words, they took 78% of the market that year, with Russia coming in a vanishingly distant second at $4.8 billion in sales."

So begins a post on TomDispatch "Tomgram: William Astore, War! What Is It Good For? Profit and Power".

But one extract from this piece, well worth reading.

"There is a new normal in America: our government may shut down, but our wars continue. Congress may not be able to pass a budget, but the U.S. military can still launch commando raids in Libya and Somalia, the Afghan War can still be prosecuted, Italy can be garrisoned by American troops (putting the “empire” back in Rome), Africa can be used as an imperial playground (as in the late nineteenth century “scramble for Africa,” but with the U.S. and China doing the scrambling this time around), and the military-industrial complex can still dominate the world’s arms trade."

Meanwhile, The New York Times reports, here, on the inroads China is making, worldwide, in the sale of arms.

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