Article Source:
U.S. Marine Corps Major General Smedley Butler is the recipient of two Congressional Medals of Honor and remains still today as one of the most honored, decorated, and beloved men in United States military history. Major General Butler testified to congress in 1934 of being approached and bribed by corporate plutocrats to lead 500,000 veterans to overthrow FDR, as Roosevelt's New Deal policies threatened the interests of business. This speech, subsequently published as a booklet, outlined in detail the true nature of American foreign policy as the primary vehicle for militant commercialism.
Article Summary:
• War generates massive profits for private companies in two ways: (1) The U.S. Government purchases substantial quantities of weapons, ammunition, supplies, and services from private businesses. (2) The resources of the defeated territory become available for purchase and sale to private bidders.
• The massive payments to these companies come from the tax revenue of U.S. Citizens.
• Through war and the tax payments for war to private companies, the general public unassumingly redistributes its wealth upwards to the few wealthy elite.
• The business elite intentionally influence the U.S. political system in order to harvest wealth from the general public through global expeditionary warfare.
• While this article dates to 1935, the scheme of exploitation and mass murder for profit is only more sophisticated today.
• Some Article Examples:
(1) General Chemical, pre-World War I: $800,000 annual profit. War years: $12 million per year.
(2) DuPont, pre-World War I: $6 million annual profit. War years: $58 million per year.
(3) Utah Copper, pre-World War I: $5 million annual profit. War years: $21 million per year.
(4) Bethlehem Steel, pre-World War I: $6 million annual profit. War years: $49 million per year.
(5) International Nickel Company, pre-World War I: $4 million annual profit. War years: $73 million per year.
Read for yourself...
Source Link:
http://ia600308.us.archive.org/16/items/WarIsARacket/WarIsARacket.pdf
Foreign Policy, Domestic Policy, and the Corporate Agenda.
Labels:
Smedley Butler,
war for profit,
war is a racket,
war profiteering
U.S. Marine Corps General: War Profiteering Exposed
Wednesday, February 6, 2013
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