NATO contractors openly embrace the crisis in Ukraine as sound business. In January, Raytheon CEO Greg Hayes cited “tensions in Europe” as an opportunity, saying, “I fully expect we’re going to see some benefit.”
Will fear, exaggerated threats, and pork-barrel politics be enough to keep the Pentagon and its contractors fat and happy, even as the urgent priorities of so many of the rest of us are starved of much-needed funding?
A Post-Coronavirus economy can no longer afford to put the Pentagon first. As it turns out, creating jobs through Pentagon spending is among the least effective ways to rebuild the economy.
In the very near future, countries are going to have to choose whether they make guns or vaccines.
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