16 May 2022 9:50 am
https://www.monetaryalliance.org/banks- ... r-profits/
There are many reasons why nation-states start or join wars – including the current Russian invasion of Ukraine. Controlling natural resources is certainly one of them.
Whatever the reasons, banking corporations and other financial institutions in the U.S., among many corporate sectors, profit enormously from wars – causing massive harm to people, communities, the planet, and self-described “democratic” political systems....
...Many past U.S. military ventures and the existence of 750 bases and installations in more than 80 countries and territories have been explained as providing “defense.” The U.S. military presence in all these places is more about creating or maintaining a “safe business climate” for U.S. based transnational corporations, including banks and other financial institutions to make products, extract resources, maintain open markets, and whenever possible privatize/corporatize public services or assets.
Smedley Butler, a retired U.S. Marine Corps Major General, gave a speech in 1933 on War is a Racket. In it, he stated the real reason behind militarism, “I spent thirty-three years and four months in active military service as a member of this country’s most agile military force, the Marine Corps…I spent most of my time being a high-class muscle-man for Big Business, for Wall Street and for the Bankers. In short, I was a racketeer, a gangster for capitalism…”
....More systematically is the creation of an inclusive and powerful democracy movement. We don’t have a JP Morgan Chase, CitiBank or any other banking corporation problem – or a Federal Reserve problem – or a World Bank or IMF problem – or even any domestic or international banking regulation problem. Ultimately, we have a democracy problem – as in a profound and declining lack of power and authority by people who are adversely affected by decisions unable to have a real voice in the decision-making.
Creating a powerful and inclusive democracy movement needs to be a goal operating alongside monetary transformation."
There are many reasons why nation-states start or join wars – including the current Russian invasion of Ukraine. Controlling natural resources is certainly one of them.
Whatever the reasons, banking corporations and other financial institutions in the U.S., among many corporate sectors, profit enormously from wars – causing massive harm to people, communities, the planet, and self-described “democratic” political systems....
...Many past U.S. military ventures and the existence of 750 bases and installations in more than 80 countries and territories have been explained as providing “defense.” The U.S. military presence in all these places is more about creating or maintaining a “safe business climate” for U.S. based transnational corporations, including banks and other financial institutions to make products, extract resources, maintain open markets, and whenever possible privatize/corporatize public services or assets.
Smedley Butler, a retired U.S. Marine Corps Major General, gave a speech in 1933 on War is a Racket. In it, he stated the real reason behind militarism, “I spent thirty-three years and four months in active military service as a member of this country’s most agile military force, the Marine Corps…I spent most of my time being a high-class muscle-man for Big Business, for Wall Street and for the Bankers. In short, I was a racketeer, a gangster for capitalism…”
....More systematically is the creation of an inclusive and powerful democracy movement. We don’t have a JP Morgan Chase, CitiBank or any other banking corporation problem – or a Federal Reserve problem – or a World Bank or IMF problem – or even any domestic or international banking regulation problem. Ultimately, we have a democracy problem – as in a profound and declining lack of power and authority by people who are adversely affected by decisions unable to have a real voice in the decision-making.
Creating a powerful and inclusive democracy movement needs to be a goal operating alongside monetary transformation."