John Prysner and Prof. Richard Wolff discuss how one year into the war in Ukraine, the U.S. government has committed $100 billion dollars to this bloody proxy conflict that is threatening the whole world with catastrophe. But while huge numbers of people suffer and die, some capitalists are focused on getting their share of this enormous sum of money. Who profits from war?
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Wolff’s analysis of the economic and political motivations behind the conflict is quite illuminating. It’s clear that there are significant financial incentives for countries to engage in warfare, particularly for the arms industry. As Wolff points out, the Ukrainian war has resulted in a massive $100 billion giveaway to the arms industry, highlighting the disturbingly close relationship between military conflict and capitalist profit.
What’s especially troubling is the way in which these financial incentives can fuel further conflict, creating a cycle of violence and instability. The fact that the US government has been such a large player in this conflict, funneling billions of dollars in military aid to Ukraine, is particularly concerning. It raises questions about the extent to which capitalist interests are driving US foreign policy, and the human toll that this policy can take.