Making a Killing: Corporate Arms Makers and Ukraine with William Hartung
In December, the Pentagon got a $768 billion budget approved, despite the withdrawal from Afghanistan, with the aim to counter China and build Ukraine’s military strength. This has been a bonanza for arms makers like Raytheon, General Dynamics, Lockheed Martin and Northrup Gruman.
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Raytheon CEO Greg Hayes popped the champagne open when saying “…[W]e are seeing, I would say, opportunities for international sales. We just have to look to last week where we saw the drone attack in the UAE, which have attacked some of their other facilities. And of course, the tensions in Eastern Europe, the tensions in the South China Sea, all of those things are putting pressure on some of the defense spending over there. So I fully expect we’re going to see some benefit from it.”
After Russia’s invasion of Ukraine, we saw a spike in these companies’ stock prices.
In our latest episode, we talk about arms manufacturers with William Hartung of the Quincy Institute. We discuss how the war in Ukraine, potential conflict in the South China Sea and wars in Yemen and other parts of the world are critical to their business model. We also talk about how the bureaucracy of the Pentagon and Washington D.C. gives these companies so much influence.
Rising tensions in eastern Europe between the U.S. and Russia over the Ukraine have dominated the news. We discuss the situation with scholar and retired Army Colonel Andrew Bacevich. We discussed why the U.S. is so concerned, and hawkish, about Russia and Ukraine–Russophobia? We talked about the role of NATO in this current crisis. We talked about the many more pressing issues the U.S. should focus on–like inflation, COVID, the surveillance state, and especially Climate Change!
Oliver Stone’s new documentary “JFK Revisited” have been hitting the airwaves of late claiming to have a “smoking gun” about the assassination of John F. Kennedy (JFK). Stone and his team of assassinologists main thesis is that the military-industrial complex conspired to have JFK killed because Kennedy was a secret dove and wanted to pull the troops out of Vietnam, end the Cold War and splinter the Central Intelligence Agency into a thousand pieces.
Noam Chomsky returns to the Green and Red Podcast!
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