War Profiteering At Full Throttle [Video]
With May Day around the corner and a renewed focus on the ever-widening gulf between corporate profits and middle class incomes, the announcements of Lockhead Martin, Boeing and Northrop Grumman deserve additional scrutiny. Why’s that? Because those companies are quite literally war profiteers.
The amount of money disclosed is nothing short of staggering. Lockeed Martin made $668 million in profit last quarter, Northrop Grumman made $506 million and Boeing raked in $923 million.
As Robert Greenwald points out, even asking the simple question of whether people and companies should be allowed to make huge profits from war in today’s political climate is brushed off. But it didn’t always used to be that way. Both Republicans and Democrats alike used to warn of the dangers of corporations influencing war policy because of a profit motive. I think it’s fair to say we failed to heed those warnings.