Tuesday, July 14, 2009

Designed for War


In the last decade, the shifting of wealth from one class to another has greatly accelerated due to deregulation and the Fed's low interest rates. Stagnant wages have forced reluctant participants into the market seeking a better return on their savings, while lax lending standards and easy credit have seduced workers into increasing their personal debt-load. All of this has been done by design to ensure the profits for the few over the well-being of the many.

As Mike Whitney points out above the shifting of wealth is accomplished for the good of the few to everyone else’s detriment. This can most be dramatically exemplified by the vultures who feed off war. The weapons makers, the contractors, and the mercenaries, all who become fabulously wealthy by feeding off the dead carcasses of our victims of our imperial wars. For example take the case of DynCorp and Fluor Corporation who were just awarded an army contract worth up to 7.5 billion dollars.


NEW YORK (Dow Jones)--Shares of DynCorp International Inc. (DCP) rose Wednesday as the service provider to government agencies and Fluor Corp. (FLR) were selected over rival KBR Inc. (KBR) for U.S. contracts worth up to $7.5 billion each to support base-camp operations in Afghanistan.

DynCorp and Fluor were notified Tuesday that each won one-year contracts worth as much as $1.5 billion with four one-year options for the same annual amount, Dan Carlson, spokesman for the U.S. Army Sustainment Command, told Dow Jones Newswires. Carlson said DynCorp's contract is for southern Afghanistan, while Fluor's is for the north.

Bloomberg first reported news of the Afghanistan LogCap IV contracts.

A DynCorp official confirmed the company won the award, although he declined to confirm the amount of the award or provide further comment or details. Fluor did not immediately respond to a request for comment.

Shares of DynCorp, which had a market capitalization as of Tuesday's close of $904.5 million, were recently up nearly 13% to $17.84. Earlier, they rose as high as $18.58, nearing the stock's 52-week high set in September at $18.75. The shares are now up 18% for the year to date.

This is how things work. Your tax dollars via the U.S. Army are being used to award very expensive contracts to companies who profit from the deaths of millions (if you consider all the current war fronts including those of our attack dog Israel). In modern warfare, despite the garbage you read in the New York Times or whatever rag, civilians are purposefully targeted. This was seen during WWII in the air wars between the Allies and the Axis culminating in the dropping of atomic bombs on Hiroshima and Nagasaki obliterating thousands upon thousands of Japanese civilians in the blink of an eye.

For DynaCorp and Fluor is there any doubt that they profit from death? That their hands are dripping with the blood and gore of their victims? True, they may not be pulling the actual trigger but would they be raking in the profits without the deaths? We may pay with our taxes but the people of Afghanistan and Pakistan are paying the ultimate price, their lives.

Welcome to the world of the military-industrial-scientific-congressional-complex. People often discuss the different motives for the invasion of Iraq, or Afghanistan or whatever other Bananastan you care to mention. I am beginning to think that is the wrong question entirely. Considering the state of our system of government where members of Congress are beholding to the defense and contractor industries as well as the influence of the Israeli lobby that represents paranoid homicidal lunatics not to mention the military strategic importance of controlling the oil sources perhaps the question ought to be why wouldn’t we be going to war? It’s the only thing our system is designed to do.


At July 15, 2009 8:15 AM, Blogger Jonathan Versen said...

War of course, is another form of economic adjustment. I touched upon this, approaching it more from a numbers-crunching angle, a while back.

At July 15, 2009 1:07 PM, Blogger rob payne said...

A different approach with the same results. Is it ethical? Each person that is involved in the defense industry has to ask that question. I would guess that with today’s job market where every job has five applicants that a lot of people wouldn’t ask themselves if it were ethical being happy to just have a job. As for the people who actually are making the huge profits I doubt if the word “ethical” is in their vocabulary.

At July 17, 2009 10:26 PM, Anonymous Anonymous said...

It's been a damned long time since any war wasn't about enriching people.

The fog of American Exceptionalism is lifting, slowly. It needs to lift faster though.

I told friends in 2003 that the Iraq War was about 2 things:

1) indirect theft of Iraqi Oil

2) profiteering off the preparations for and conducting of war

6 years later and I haven't seen anything to persuade me otherwise!


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