Thursday, August 19, 2021

War is a racket/rev XX


Eisenhower's farewell speech warning us about the Military Industrial Complex.

As per Smedley Butler, the two time Congressional Medal Winner so forcefully said, War is a Racket, this time, the racket applies to Afghanistan. 

As the hawks who have been lying about the U.S. invasion and occupation of Afghanistan for two decades continue to peddle fantasies in the midst of a Taliban takeover and American evacuation of Kabul, progressive critics on Tuesday reminded the world who has benefited from the "endless war."

Heads should roll but they won't. 

According to The Intercept:

This is a far greater return than was available in the overall stock market over the same period. $10,000 invested in an S&P 500 index fund on September 18, 2001, would now be worth $61,613.

That is, defense stocks outperformed the stock market overall by 58% during the Afghanistan War.

"These numbers suggest that it is incorrect to conclude that the Taliban's immediate takeover of Afghanistan upon the U.S.'s departure means that the Afghanistan War was a failure," Schwarz added. "On the contrary, from the perspective of some of the most powerful people in the U.S., it may have been an extraordinary success. Notably, the boards of directors of all five defense contractors include retired top-level military officers."

U.S. military presence around the world in 2007. As of 2018, the United States still had many bases and troops stationed globally.

Any questions?

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