
Companies Profiting the Most From War
By Thomas C. Frohlich and Mark Lieberman Worldwide military expenditure shrunk in 2013 for the second consecutive year, falling by 1.9% to $1.75 trillion. The 100 largest arms-producers sold a combined $402 billion worth of arms and military services in 2013, also down — for the third consecutive year. However, not all countries are spending less. Military spending in North America and in Western and Central European countries has continued to decline, while other countries such as Brazil and Russia have increased their arms investments. Despite the global drop, weapons producers generated massive profits from arms sales, and U.S. and … Continue reading Companies Profiting the Most From War