NATO is a Goldmine for the US/Military Industrial Complex
Photo source Parker Gyokeres | CC BY 2.0
Countries of the NATO military alliance have been ordered by President Trump to increase their spending on weapons, and the reasons for his insistence they do so are becoming clearer. It’s got nothing to do with any defense rationale, because the Secretary General of NATO, Jens Stoltenberg, has admitted that “we don’t see any imminent threat against any NATO ally” and the Stockholm International Peace Research Institute (SIPRI) recorded in its 2018 World Report that “Russia’s military spending in 2017 was 20 per cent lower than in 2016.”
Even Radio Free Europe, the US government’s official broadcaster, acknowledged that “Russia, one of the world’s top military spenders, reduced its defense budget by 20 percent in 2016-2017 to $55.3 billion” compared, for example, to the $56.3 billion of France. As SIPRI records, “together, the European NATO members spent over 4 times more on the military in 2017 than Russia,” and Nato Watch summed it up by pointing out that the 29 US-NATO countries “collectively spent over 12 times more on the military in 2016 than Russia.”
There is demonstrably no threat whatever to any NATO country by Russia, but this is considered irrelevant in the context of US arms’ sales, which are flourishing and being encouraged to increase and multiply as a result of Congressional and Pentagon scare-mongering.
On July 12, the second and final day of the recent US-NATO pantomime gathering, Reuters reported Trump as saying that “the United States makes by far the best military equipment in the world: the best jets, the best missiles, the best guns, the best everything.” He went on “to list the top US arms makers, Lockheed Martin Corp, Boeing Co and Northrop Grumman Corp by name.”
On July 11 the Nasdaq Stock Exchange listed the stock price of Lockheed Martin at $305.68. The day after Trump’s speech, it increased to $318.37.
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