The arms industry profits and its chain of shareholders

It is outrageous that the arms industry profits rapidly while the immense majority of the population (popular sectors and middle sectors in decline) suffer shortages of all kinds. The article In the face of increasing warmongering points out who are the “industrial” beneficiaries of warmongering, that is, the companies that produce the armaments and their shareholders. Of the 10 largest, 5 are based in the United States, one in the United Kingdom, and 4 in China. Among those who invest in U.S. arms companies are the two largest investment funds BlackRock and Vanguard. It is concealed that the chain of beneficiaries does not end there but those who also profit are the mostly institutional shareholders of BlackRock and Vanguard and, in turn, those who invest in the institutions that then do so in BlackRock and Vanguard.

It is possible that this chain of investors includes groups and individuals opposed to the arms race and, nevertheless, they know it or are not part of a perverse process of allocating their resources. By the way, a good portion of investors does not care about the “collateral damage” in deaths, cripples, destruction of infrastructure and much more. They are part of a social fraction obsessed with greed; their perspective of the world revolves around accumulating wealth at any cost.

What to do to impose another economic course, another way of working. First of all, dismantle the concentrating process and move forward with a new social base in which the fundamental decisions are taken by those who truly represent the peoples. Thus, form political coalitions that not only win electorally but also manage public affairs respecting the mandates received. In this context, it will be critical to strengthen determination, clarification, and social organization, without hegemonic media aimed at manipulating public opinion and with judiciary systems that do not protect the oppressors.

Greetings,

The Editors

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