By Peter Bloom, Professor of Management, University of Essex – The Russian invasion of Ukraine has been widely condemned for its unjustified aggression. There are legitimate fears of a revived Russian empire and even a new world war. Less discussed is the almost half-trillion dollars (£381 billion) defense industry supplying the weapons to both sides, and the substantial profits it will make as a result.
President Joe Biden sought Wednesday to ramp up pressure on Senate Republicans to stop blocking Democrats’ efforts to prevent a government default, inviting leaders of some of the nation’s biggest companies to a White House meeting where they warned that inaction would lead to devastating consequences.