There Might Be a Financial Crisis, But the World's Arms Dealers Are Doing Just Fine

[marmar]

via AlterNet:



There Might Be a Financial Crisis, But the World's Arms Dealers Are Doing Just Fine

By Frida Berrigan , Foreign Policy in Focus. Posted September 30, 2008.

The weapons sector remains recession-proof.



The CEO of a weapons manufacturer has plenty of chances to rub elbows with deputy secretaries of defense, officials from Homeland Security, retired military personnel, and the best and brightest of the defense establishment almost any week of the year.

One such opportunity occurred at the ComDef 2008 conference, which wrapped up at the National Press Club in Washington on September 3. Sponsored by weapons giants like Boeing, Raytheon, and BAE Systems, the day-long conference was organized around the theme of "Defense Priorities in an Age of Persistent Conflict." It featured presentations from a Navy undersecretary, a deputy director at the Pentagon, several weapons manufacturers, and defense representatives from France, the Netherlands, Canada, and elsewhere. With this high-powered lineup, the conference probably delivered on the promise of its catch line: "Where the international defense cooperation community gets down to business."

Next on the calendar in mid-October will be the Women in Defense National Conference at the Crystal Gateway Marriott near the Pentagon. Sponsored by consulting giant Booz Allen Hamilton, the conference includes a panel on the "National Security Priorities in the Next Administration," moderated by a Lockheed Martin vice-president. Foreign policy advisers from the McCain and Obama campaigns will be on hand and -- in a nod towards inclusiveness -- representatives from Bob Barr's and Ralph Nader's campaigns have been invited. The closing reception is sponsored by Lockheed Martin, and Booz Allen Hamilton is picking up the tab for the "Breaking a Glass Ceiling" dinner featuring retired Air Force Major General Jeanne Holm. And then, who would want to miss flying south for the winter? The Defense Manufacturing Conference at Disney's Coronado Springs Resort in Florida in early December offers military industry executives the chance to soak up the rays and address the question: "Are we ready to provide affordable warfighting capabilities?"

One of the persistent themes of these and many other weapons industry conferences is the looming concern that the military budget -- which increased by two-thirds between 2001 and 2008 -- can't keep spiraling upwards forever. ComDef 2008 frames it like this: "persistent warfare is eroding the capability of our armed forces and hard choices will need to be made ... It is increasingly unlikely that more money will be found for defense." Last year, the Women in Defense conference addressed this issue with a panel titled "Shaking the Money Tree: Funding National Defense," moderated by a vice-president for programs and budget at Lockheed Martin. .......(more)

The complete piece is at: http://www.alternet.org/workplace/100801/there_might_be_a_financial_crisis%2C_but_the_world%27s_arms_dealers_are_doing_just_fine/

[billyoc]

1. Beer distributors too.

:grr:

[ixion]

2. and don't forget the oil companies

they're still reporting record profits...

[UK populist]

3. Fear is always an easy sell.

When nobody can afford to buy any luxuries Governments can always rely of fear as a promotional tool.
This is a must read about the state of the markets
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=103x389195
after the link.

[OhioChick]

4. K&R

:kick: