One of Largest Transfers of Public Wealth to Private Hands: Our Staggering War Economy

The cost of our massive military and endless wars is almost beyond comprehension, and non stop.

By Tom Engelhardt

The money should stagger you. Journalist James Risen, author of  Pay Any Price: Greed, Power, and Endless War, a revelatory new book about the scammers, counterterrorism grifters, careerist bureaucrats, torture con artists, and on-the-make privatizers of our post-9/11 national security state,  suggests that the best figure for money spent on Washington’s war on terror, including the Iraq and Afghan wars, is  four trillion dollars. If you add in the bills still to come for the care of American soldiers damaged in that global war, the figure is undoubtedly  significantly higher. In the process, an array of  warrior corporations were mobilized to go into battle alongside the Pentagon and the country’s intelligence and homeland security outfits. This, in turn, transformed the global struggle into a highly privatized affair and resulted, as Risen vividly documents, in “one of the largest transfers of wealth from public to private hands in American history.” Halliburton offshoot KBR, for instance, took remarkable advantage of the opportunity and became “the largest single Pentagon contractor of the entire war,” more or less monopolizing the Iraq war zone from 2003 to 2011 and “receiving a combined total of $39.5 billion in contracts.”

Read more ⇒ Alternet
Learn more ⇒ http://www.alternet.org/news-amp-politics/one-largest-transfers-public-wealth-private-hands-our-staggering-war-economy

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