EMBRACING THE WORLD WITH OUR ARMS

The good news is that America is Number One! Once again, the US of A is at the top of the heap, not only besting every other nation on the globe, but beating out all other nations combined. Go USA!
Jim Hightower's Radio Lowdown
Jim Hightower's Radio Lowdown
EMBRACING THE WORLD WITH OUR ARMS
/

The good news is that America is Number One! Once again, the US of A is at the top of the heap, not only besting every other nation on the globe, but beating out all other nations combined. Go USA!

The bad news is that this spectacular achievement is in the sales of military weaponry. Yes, your country and mine is the top arms supplier to the world. In 2008, America’s corporate weapons-makers peddled nearly $38-billion-worth of everything from attack helicopters to small arms. This was $13 billion more than the previous year, and it totaled more than two-thirds of all sales in last year’s global arms bazaar. Our closest “competitor” was not Russia, not China, not Iran – but, of all places, Italy, which tallied $3.7 billion in sales.

Enjoying Hightower? How about a weekly email that gives you the full scoop?

In its annual report on the arms market, the non-partisan Congressional Research Service noted that last year’s surge in U.S. sales was “extraordinary,” given the fact that a global recession restricted the ability of many countries to lavish such funds on war toys. Apparently, however, our arms dealers did a bang-up job of beating the bushes to find buyers. Especially fruitful were sales efforts in developing nations, which the report calls “the primary focus of foreign arms sales activity by weapons suppliers.”

Indeed, such developing countries as Morocco, India, Egypt, and the United Arab Emirates accounted for almost $30 billion of our overall sales, giving U.S. suppliers 70 percent of this lucrative market. Russia was second, earning $3.3 billon for helping arm the developing world.

What a fine example of a national achievement this sets for all the boys and girls of our land. No doubt they’ll bust with pride – unless, of course, they end up having to battle some of the governments we’re now arming.

“Despite Slump, U.S. Role as Top Arms Supplier Grows,” The New York Times, September 7, 2009.

I’m making moves!

We’ve got some new adventures coming down the pike, and to start preparing for that, we recommend you visit and subscribe to our Substack website and newsletter. More information to come, but if you want to get a head start, head over there now.

Check out jimhightower.substack.com »

Send this to a friend