It is time to end the charade. If our country attacks foreign nations preemptively, then our Defense Department becomes an Offense Department, and defense spending becomes offense spending. The concept of offense spending has many disturbing connotations.
Ever since Republican President Dwight D. Eisenhower warned the nation on his departure from the White House to beware the military-industrial complex, the United States has increasingly engaged in aggressive wars more for economic reasons than geopolitical ones. During the Korean War President Eisenhower learned firsthand about the insatiable nature of war profiteering.
That money, virtually all of which was borrowed from foreign banks, has not simply evaporated into thin air, but rather has gone into the bank accounts of many large corporations including Halliburton/KBR, Northrop Grumman, Lockheed Martin, GE, Boeing, Raytheon and many, many others.
But this is not ordinary war profiteering, this is coordinated industry-government collusion and manipulation that benefits corporations with huge no-bid contracts and unprecedented profits, and the government with “economic growth” that can be used in campaigns to gain and retain power in Washington.
Part of the deal was greatly reduced taxes on oil companies, with concomitant drastic increases in profits. But there is much more in it for the complicit corporations. Enactment of Iraqi hydrocarbon law, written by oil company lobbyists, ensures that US and British oil companies will get extraction rights amounting to at least 80% of the oil reserves in Iraq. This is a bold and brazen grab for the natural resources of Iraq, which will not benefit the Iraqi people in any way.
British Petroleum (BP) has been keenly interested in Iranian (Persian) oil since it’s inception in the early years of the 20th century.
In the modern world, corporate collusion with government is considered by oil executives as essential for monetizing oil reserves around the world for their profit.