(COMMON DREAMS) Erica Etelson — Arms manufacturers make a killing on the $128 million a year they invest in lobbying Congress for the development of lethal new weapons systems. The top three US defense contractors alone raked in $8.5 billion in profits in 2012. For all the talk of Pentagon budget cuts, we still spend more than $61 million every hour of every dayon the military.

George Orwell said: “War against a foreign country only happens when the moneyed classes think they are going to profit from it.” True to Orwell, a Bank of America analyst commented in Fortune magazine that all of the regional conflicts around the world spelled good news for defense industry investors.

Source: On Remorselessness | Common Dreams | Breaking News & Views for the Progressive Community