The Arms Industries Blood Money Whores
MICHAEL WALSH SPECIAL REPORT. With its staggering $692 billion defence budget the U.S arms industry constitutes 43% of the world’s military expenditure. This is not far behind the value of Britain and Russia’s combined export trade. The financial resources and political clout exercised by this military behemoth’s lobbying apparatus dwarf many national interests and economies. These conglomerates, like the pharmaceuticals industries, are far more powerful and influential than are many governments.













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