Profit Over People — The “American” Way

Filosofa's Word

Sure, go ahead, blame President Biden.  Blame George W. Bush, blame President Obama, blame the former guy … there’s plenty of blame to spread around.  Blame the military advisors who advised Bush and Obama (the former guy took advise from nobody, believing he actually had a functional brain).  Blame your Aunt Mabel for all I care.  The bottom line is that there was only one winner in the entire U.S.-Afghanistan fiasco:  private military contractors.

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 response to the 9/11 terrorist attacks — and faithfully reinvested all dividends, it would now be worth $97,295.  Not a bad return on investment, eh?  Defense stocks outperformed the stock market overall by 58 percent during the Afghanistan War.  Those top…

View original post 267 more words