- Registration time
- Last login
- Online time
- 4899 Hour
- Reading permission
NOTE: These figures are only up to 2006 .......|
US Defense And Oil Company Executives Reap Windfalls From Iraq War
By Naomi Spencer 15 September 2006 World Socialist Web
Since September 11, 2001, and the Bush administration’s initiation of the “war on terror,” inequality in the US has grown at a rapid rate and to grotesque proportions. The criminal nature of war on Iraq is reflected in every facet of American life, least surprisingly of all in the enormous fortunes of the ruling elite. Indeed, the current war, the most privatized in history, is viewed by a wide range of corporate executives and investors as an open-ended outsourcing opportunity.
Congress has appropriated more than $314 billion thus far for the illegal invasion and occupation of Iraq, largely at the expense of infrastructure, education, and other basic requisites for modern life at home. The massive government expenditures and cuts in vital social programs that characterize the US war economy, however, far from fostering restraint on the part of big business, have paved the way for shameless price gouging, corporate windfalls, tax cuts, pension-gutting and pay cuts for average workers in the US.
Results of “Executive Excess 2006,” the thirteenth annual chief executive officer compensation survey by the Institute for Policy Studies (IPS), underscore the fact that the war has benefited a very few to the detriment of the broad mass of the population, both domestically and internationally.