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Corporations Profit from Permanent War: Memorial Day 2010

By       Message Bill Quigley       (Page 1 of 7 pages)     Permalink    (# of views)   14 comments

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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.

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Number One in War

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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.

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Our country has 5 percent of the world's population but accounts for more than 40% of the military spending for the whole world.

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Bill Quigley is a human rights lawyer and law professor at Loyola University New Orleans and Legal Director for the Center for Constitutional Rights.

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