It's a bloody fortune for some people

Harry would be so proud....

“Mr. Reed, what do you think this war is about?”
“PROFITS.” -- Reds

Writing in Counterpunch, Ismael Hossein-zadeh, the author of The Political Economy of U.S. Militarism, takes a look at something that's lost in all the false discourse about why we're in Iraq. It's not about security, or democracy, or too few troops. It's about the bottom line....

I like the distinction he brings up between vulgar colonialism (which at least had the benefit of seeing some of the booty trickle down to the masses at home) and the parasitic colonialism practiced today, which sucks the home country's coffers dry....

No business model or entrepreneurial paradigm can adequately capture the nature of this kind of scheming and profiteering. Not even illicit businesses based on rent-seeking, corruption or theft can sufficiently describe the kind of nefarious business interests that lurk behind the Bush administration's preemptive wars. Only a calculated imperial or colonial kind of exploitation, albeit a new form of colonialism or imperialism, can capture the essence of the war profiteering associated with the recent US wars of aggression. As Shalmali Guttal, a Bangalore-based researcher put it, "We used to have vulgar colonialism. Now we have sophisticated colonialism, and they call it 'reconstruction.'"

Classical colonial or imperial powers roamed on the periphery of the capitalist center, "discovered" new territories, and drained them off of their riches and resources. Today there are no new places in our planet to be "discovered." But there are many vulnerable sovereign countries whose governments can be overthrown, their infrastructures smashed to the ground, and fortunes made as a result (of both destruction and "reconstruction). And herein lies the genius of a parasitically efficient market mechanism, as well as a major driving force behind the Bush administration's unprovoked unilateral wars of choice.

Not only does the new form of imperial or colonial aggression, driven largely by the powerful interests that are vested in the armaments industries and other war-based businesses, bring calamity to the vanquished, but it is also detrimental and burdensome to the victor, namely, the imperium and its citizens. Contrary to the external military operations of past empires, which usually brought benefits not only to the imperial ruling classes but also (through "trickle-down" effects) to their citizens, U.S. military expeditions and operations of late are not justifiable even on the grounds of national economic gains.

Indeed, escalating US military expansions and aggressions have become ever more wasteful and cost-inefficient as they are hollowing out the public treasury, undermining social spending, and accumulating national debt. Viewed in this light, the new form of imperialism can perhaps be called "parasitic" imperialism.

War profiteering is, of course, not new; it has always existed in the course of the history of warfare. What makes war profiteering in the context of the recent US wars of choice unique and extremely dangerous to world peace and stability, however, is the fact that it has become a major driving force behind war and militarism.

This is key to an understanding of why the US ruling elite is reluctant to pull US troops out of Iraq. The reluctance or "difficulty" of leaving Iraq stems not so much from pulling 140,000 troops out of that country as it is from pulling out more than 100,000 contractors. As Josh Mitteldorf of the University of Arizona recently put it, "There are a lot of contractors making a fortune and we don't want that money tap turned off, even though it is borrowed money, which our children and grandchildren will have to repay."

It follows that US troops will not be withdrawn from Iraq as long as antiwar voices are not raised beyond the premises and parameters of the official narrative or justification of the war: terrorism, democracy, civil war, stability, human rights, and the like. Antiwar forces need to extricate themselves from the largely diversionary and constraining debate over these secondary issues, and raise public consciousness of the scandalous economic interests that drive the war.

It is crucially important that public attention is shifted away from the confining official narrative of the war, parroted by the corporate media and political pundits, to the economic crimes that have been committed because of this war, both in Iraq and here in the United States. It is time to make a moral case for restoring Iraqi oil and other assets to the Iraqis. It is also time to make a moral case against the war profiteers' plundering of our treasury, or tax dollars. To paraphrase the late General Smedley D. Butler, most wars could easily be ended-they might not even be started-if profits are taken out of them.

Read the whole article....

Well, there's a thought. What about introducing legislation to forbid profiting from war? Think that one will fly?