From:
Michel Chossudovsky <[EMAIL PROTECTED]>
"War is Good for Business"
by
Michel Chossudovsky
Centre for Research on Globalisation at http://globalresearch.ca
Posted 16 September 2001
Does President Bush intend to jump-start confidence in the stock-market
by launching a "timely" military strike?
"I have great faith in the resiliency of the economy. And no question
about it this incident affected our economy., But the markets open
tomorrow, people go back to work. We'll show the world." (Remarks by
George W. Bush, Reuters, 16th September 2001)
On the other hand, what will be the fate America's social programs in a
war economy? Five days before the terrorist assaults on the World
Trade Centre and the Pentagon, President Bush stated almost
prophetically:
"I have repeatedly said the only time to use Social Security money is in
times of war, times of recession, or times of severe emergency. And I
mean that. I mean that." (Transcript of Transcript of Remarks by
Presidents Bush and Fox on Departure to Toledo, Ohio (U.S. Newswire,
Inc, September 6, 2001)
"I mean that, I mean that." The tone of the president's rhetoric has
set the stage for an expansion of America's war machine. The
"recession" and "war" buzzwords are being used to mould US public
opinion into accepting a massive redirection of the nation's resources
towards the military industrial complex.
In turn, in the wake of the terrorist attacks "love of country",
"allegiance" and "patriotism" increasingly pervade the media as well
day-to-day political discourse. The hidden agenda is to create a new
legitimacy, opening the door for a "revitalization of the nation's
defense" while also providing a justification for direct military
actions by the US in different parts of the World.
Meanwhile, the shift from civilian into military production pours wealth
into the hands of defense contractors at the expense of civilian needs.
Job Creation in America's War Machine
And behind the Bush Administration is the power of the "big five"
defense contractors (Lockheed Martin, Boeing, Raytheon et al),
increasingly in partnership with the oil-energy giants, which are behind
many of the regional wars and insurgencies along strategic oil
pipelines.
The Big Five defense contractors have been shifting staff and resources
from "civilian" into "military" production lines. Lockheed Martin (LMT)
--America's largest defense contractor-- for instance, has implemented
major cuts in its satellite division due to "flat demand" in the
commercial satellite market. A company spokesman had reassured Wall
Street that Lockheed "was moving in the right direction" by shifting
financial resources out of its troubled commercial (that is, civilian)
undertakings into the lucrative production of advanced weapon systems
including the F-22 Raptor high tech fighter jet to be assembled at
Lockheed Martin Marietta's plant in Georgia. Each of the F22 Raptor
fighters will have a unit cost of $85 million, 3000 direct jobs will be
created at a modest cost of $20 million a job.
Boeing which is bidding for the $200 billion dollar procurement contract
with the Defence Department for the production of the Joint Striker
Fighter (JSF), confirmed that only 3000 jobs would be created. The
latter would not even offset the massive lay-offs at Boeing's Seattle
plant in recent years. At Boeing, each job created in the JSF programme
would cost US taxpayers $66.7 million. (Seattle Post-Intelligencer, 7
September 2001). No wonder the Adminstration wants to downsize social
security programmes! (Lockeed Martin together with Northrop Grumman,
which are also bidding for the Joint Fighter contract estimate 5400
direct jobs, at a unit cost for each job created of $37 million.
The production of advanced weapons systems in America today, is unlikely
to resolve the mounting tide of unemployment.
This new direction of the US economy will generate hundreds of billions
of dollars of surplus profits, which will line the pockets of a handful
of large corporations. While contributing very marginally to the
rehabilitation of the employment of specialised scientific, technical
and professional workers laid-off by the civilian economy, this profit
bonanza will also be used by the US corporate establishment to finance
--in the form of so-called "foreign investment"-- the expansion of the
American Empire in different parts of the World.
Copyright, Michel Chossudovsky, Centre for Research on Globalisation
(CRG), September 2001
Centre for Research on Globalisation at http://globalresearch.ca
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