Sunday, August 29, 2021

Forever war: Who benefits?

"Was the Afghanistan War a failure? Not for the top five defense contractors and their shareholders.

"If you purchased $10,000 of stock evenly divided among America’s top five defense contractors on September 18, 2001 — the day President George W. Bush signed the Authorization for Use of Military Force in Afghanistan — and faithfully reinvested all dividends, it would now be worth $97,295.

"In fact, defense stocks outperformed the stock market overall by 58 percent during the war in Afghanistan.

"Now, cable news commentators with their own undisclosed ties to the defense industry are castigating President Joe Biden’s withdrawal."

from The Intercept, August 28, 2021

While we mourn the loss of lives, American and Afghani, in the terrorist attacks and in the 20 years of America's longest war, we need to be clear where the support for this and other wars that the US continues to wage comes from and why future military interventions under the rubric of the unending War on Terror will prove no more successful. As a famous scientist once said, "The definition of insanity is doing the same thing over and over again, but expecting different results.” 

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