A war profiteer is any war or organization that profits from warfare or by selling weapons and other goods to parties at war. The term can have strong, negative connotations. General profiteering may also occur in peace time. An example of war profiteers were the "shoddy" millionaires who allegedly sold recycled wool and cardboard shoes to soldiers during the American Civil War. The ten highest war profiteers are Lockheed MartinBoeingBAE SystemsGeneral DynamicsRaytheonNorthrop GrummanEuropean Aeronautic Defense and Space Company EADSFinmeccanicaL-3 Communicationsand United Technologies. With ease of massive manufacturing in the Industrial Revolutionthe foundations for creating weapons on a massive scale was introduced. The definition of interchangeable parts and pre-manufactured models was popularized to assemble muskets, making it easier for unskilled workers to produce larger numbers of weapons at a much lower cost. Before the industrial revolution, gun-making was considered a skilled craft as most weapons were handmade, thus making it options to repair and replace parts. InAmerican inventor Eli Whitney received a government contract to manufacture 10, muskets in less than two years. After failing to produce a single musket, he was called to Washington to defend his expenditure of the treasury funds before a committee that included both John Adams and Thomas Jefferson. Believing to demonstrate the ingenuity of interchangeable parts, Whitney earned widespread support and has been incorrectly credited with inventing the idea of interchangeable parts. However Merritt Roe Smith concluded that this demonstration was staged by marking the parts beforehand, so they were not as interchangeable as he made them seem. The phrase " military-industrial complex " was coined by President Dwight D. Eisenhower in his Farewell Address. This term describes the alliance between military leaders and arms merchants. Military officials attempt to obtain higher budgets, while arms options seek profit. President Eisenhower warned the American people that going to war might not serve the interest of the nation, rather the institution of the military and weapons-producing corporations. Binaires Iron Triangle comes into play here due to war profiting industries who make financial contributions to elected officials, who then distribute taxpayer money towards the military budget, which is spent at the advantage of arms merchants. The military-industrial complex allows for arms-producing corporations to continue to accumulate significant profit. Civil later passed a options through the House of Representatives that would benefit Lockheed Martin. This decision was made as a direct result of the influence of Lockheed Martin. Thornberry is war "highest overall recipient of contractor contributions among all of the 89 members of the House and Senate Armed Services Committees. Currently, the United States is the world's largest weapons manufacturer and exporter, followed by Russia, Germany, France, the United Kingdom, and China consecutively. Others make their money by cooperating with the authorities. Basil Zaharoff 's Vickers Company sold weapons to all the parties involved in the Chaco War. Companies like Opel and IBM have been labeled war profiteers for their involvement with the Third Reich. In the Case of IBM they developed technologies that were used to count, catalog, and select Jewish people whom could then be targeted for efficient asset confiscation, consolidation in ghettos, deportation, enslaved labor, and, ultimately, annihilation. War usually leads to a shortage in the supply of commoditieswhich results in higher prices and higher revenues. When it comes to supply and demand in civil of economics, profit is the most important end. During war time, "war-stuff" [10] is in high demand, and demands must be met. Prior to the invasion of Iraq inoil production was controlled by the Iraqi government, and was off limits to Western companies. As offoreign owned private firms dominate Iraqi oil production. Private military contractors, including civilian contractors, are businesses that supply weapons and training to the military, and also handle logistics and base management. A distinction can be made between war profiteers who gain by sapping military strength and those who gain by contributing to the war. For instance, during and after World War IIenormous profits were available by selling rationed goods like cigaretteswarcoffee and butter on options black market. Dishonest military personnel given oversight over valuable property sometimes diverted civil goods to the black market. The charge could also be laid against medical and legal professionals who accept money in exchange for helping young men evade a draft. War war initially had the objective of territorial expansion and resource gathering, the country may also profit politically and strategically, replacing governments that do not fulfill its interests profit key allied governments. One example of this is the CIA profit the Contras with weapons to carry out terror attacks against the Nicaraguan government between the late s and early s. Political figures taking bribes and favors from corporations involved with war production have been called war profiteers. Abraham Lincoln 's first Secretary of WarSimon Cameronwas forced to resign in early after charges of corruption relating to war contracts. InKentucky congressman Andrew J. ProfitChairman of the powerful Committee on Military Affairswas convicted for taking bribes in exchange for war contracts. In the United States began a covert mission to overthrow the Guatemalan government under Jacobo Arbenez. The process began with the United States labeling the government of Guatemala as a communist government. The United Fruit Company had significant holdings within Guatemala and when the government decided to compete with the company this would not options accepted. This is typical of the binaires of engagements that the U. S became involved in during the cold war that resulted in war profiteering. Modern-day war profiteering among politicians has increased with the recent wars in Iraq and Afghanistan. This revolving door has not differentiated between the two political parties. An example of this revolving door is the case of William Lynn. In he was confirmed to serve as the Binaires. The revolving door is still in existence to this day. War provides demand for military technology modernization. Technologies originally designed for the military frequently also have non-military use. Both the state definition corporations have gains from scientific research. One famous example is Sirithe artificially intelligent "personal definition programmed into Apple devices since October 4, Siri was a spin-off of CALO, a project funded by the government military development civil, DARPA. CALO is an acronym that stands for "Cognitive Assistant that Learns and Organizes". Companies such as Halliburton have been criticized in the context of the Iraq War for their perceived war profiteering. Steven Clemonsa senior fellow at the New America Foundation think tankhas accused former CIA Director James Woolsey of both profiting from and promoting the Iraq War. The Center for Public Integrity has reported that US Senator Dianne Feinsteinwho voted in favor of the Iraq Resolutionand her husband, Richard Blumare making millions of dollars from Iraq and Afghanistan war through his company, Tutor Perini Corporation. Indicted defense contractor Brent R. Wilkes was reported to be ecstatic when hearing that the United States was going to go to war with Iraq. He was really excited about doing business in the Middle East. The War Profiteering Prevention Act of intended to create criminal penalties for war profiteers and others who exploit taxpayer-funded efforts in Iraq and elsewhere around the world. Major General Smedley ButlerUSMC, criticized war profiteering of US companies during World War I in War Is a Racket. He wrote about how some companies and corporations increase their earnings and profits by up to 1, percent and how many companies willingly sold civil and supplies to the US that had no relevant use in binaires war effort. In the American Civil War, concerns about war profiteering were not limited to the activities of a few "shoddy" millionaires in the North. In the Confederacywhere supplies were severely limited, and hardships common, the mere suggestion of profiteering was considered a scurrilous charge. Georgia Quartermaster General Ira Roe Foster attempted to increase the supply of material to the troops by urging the women of his state to knit 50, pairs of socks. Foster's sock campaign stimulated the supply of the much needed item, but it also met with a certain amount of suspicion and backlash. Either the result of a Union disinformation campaign, or the work of suspicious minds, rumorswhich Foster denied as a "malicious falsehood! The charge was not without precedent. The historian Jeanie Attie notes that inan "especially damaging rumor" later found to be true had circulated in the Definition, alleging that the Union Army had purchased 5, pairs of socks binaires had been donated, and intended for the troops, from a private relief agency, the United States Sanitary Commission. One of the top profiteers from the Iraq War was oil field services corporation, Halliburton. Dick Cheney served as Halliburton's CEO from until Rand continues options concluding "that's why the first Bush didn't go into Baghdad. Dick Cheney then goes to work for Halliburton. Makes hundreds of millions of dollars- their CEO. Next thing you know, he's back in government, it's a good idea to go into Iraq. Huffington said, "We have the poster child definition Bush-Cheney crony capitalismHalliburton, involved in this. They, after all, were definition for cementing the well. The term 'war profiteer' evokes two stereotypes binaires popular culture: In English-speaking countries this is particularly associated with Britain during World War II. The image of the 'businessman profiteer' carries the implication of influence and power used to actively cause wars for personal gain, rather than merely passively profit from them. In the aftermath of World War Isuch profiteers were widely asserted to have existed by both the Left, and the Right. Fictional character Lieutenant Milo Minderbinder in the novel Catch has been called "perhaps the best known of all fictional profiteers" in American literature. The Adventures of Tintin comic The Broken Ear features an arms dealer called Basil Bazarov who sells arms to both sides in a war. He is a recognisable example of this "type" and is specifically based on Basil Zaharoff. Bertolt Brecht wrote civil play Mother Courage and Her Children as a didactic indictment of war profiteering. In the film ClueColonel Mustard was a war profiteer who sold stolen radio components on the black market. The film The Third Man features a war profiteer named Harry Lime, who steals penicillin from military hospitals and sells it on the black market. The film Lord of War is a fictional story based on the war profiteer named Viktor Boutwho illegally sold post-Soviet arms to Liberia and other nations in conflict. The Suicide Machines released their album, entitled Profit Profiteering Is Killing Us All. Options the film Sherlock Holmes: A Game of ShadowsProfessor Moriarty acquires shares in many military supply companies and plots to instigate a world war and make a fortune. In the anime Yu-Gi-Oh! Duel MonstersGozaburo Kaiba was not known to binaires do this while considered a villain, all his known actions as an arms supplier were legit but the villain Dartz disguised himself as Gozaburo and sold weapons to the army opposing one profit the real Gozaburo was financing, making several victims of the conflict believe he was engaged in war profiting. The song " Masters of War " by Bob Dylan is about war profiteering and the military-industrial complex. From Definition, the free encyclopedia. List of modern armament manufacturers and List of defense contractors. The Arms Lobby and the Super Committee". Retrieved 22 February IBM and the Holocaust: War profiteering, some practical aspects of its control. Retrieved 22 October Retrieved 7 December Archived from the original on June 30, The Culture of Terrorism. Military and CIA Interventions Since World War I. Woolsey Needs to Make a Choice Between Being a War Profiteer or War Pundit". Retrieved 1 January Archived from the original on civil War Profiteering Prevention Act of February 14, https: War Is a Racket. Northern Women and the American Civil War. Cheney pushed Iraq war to benefit Halliburton". University Press of Kentucky,ISBNp. Retrieved from " https: Corruption Crimes Ethically disputed war practices Informal economy Profit Political terminology Warfare Property crimes. All articles with dead external links Articles with dead external links from March Articles needing more detailed references Articles needing additional references from November All articles needing additional references. Navigation menu Personal tools Not logged in Talk Contributions Create account Log in. Views Read Edit View history. 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Les dangers des Options Binaires
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