“War Is A Racket” For These 25 ‘Defense’ Companies
October 30th, 2023Via: ZeroHedge:
Retired US Marine Corps Major General Smedley Butler said it first and said it best: “War is a racket. It always has been…”
But what often goes unsaid is his next sentences:
“It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.”
And indeed, every year, the world’s most powerful countries spend billions of dollars on so-called ‘defense’.
But where does this money actually flow?
To gain insight, Visual Capitalist’s Marcu Lu and Bhabna Banerjee ranked the world’s top 25 defense companies by 2022 revenues, using data from Defense News.
Note that their graphic shows each company’s revenues from defense, and not total revenues. This is because many companies such as Boeing also generate revenue from non-defense related industries and sectors.
