Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Profits From Syrian Airstrikes Will Churn Your Stomach
Posted
October 3, 2014
Views
83,498
Likes
1,828
Comments
343
Engagement
2.60%
October 3, 2014
83,498
1,828
343
2.60%
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8:25Now Playing"Airstrikes against ISIS in Iraq and Syria have served as launching point for far more than missiles. Those military decisions cost the U.S. millions of dollars a day, and defense contractors pocket much of that money. (Video via U.S. Navy)
Bloomberg reports in mid-September just ahead of airstrikes in Syria, defense firms Lockheed Martin, Northrop, Raytheon and General Dynamics Corporation all set stock price records.
A chief investment officer based out of Chicago said, "To the extent we can shift away from relying on troops and rely more heavily on equipment — that could present an opportunity."
"Presenting an opportunity" is the kind of wording to make anti-war advocates cringe, but there's no doubt the companies and their shareholders are making money off the unusually large number of conflicts around the world."* The Young Turks host Cenk Uygur breaks it down.
*Read more here from Cliff Judy / KTVU:
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Income Inequality, War Profiteering, Justice Scalia & Dinesh D'Souza - The Young Turks 10/2/2014 News & Politics
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