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American Capitalism's Endless Military Drive


by Yanis Iqbal / January 2nd, 2021
The US Defense Security Cooperation Agency (DSCA) has announced that weapons exports have risen by 2.8% to $175 billion in 2020. In their annual briefing on US arms sales, the Pentagon and State Department cold-bloodedly described this increase as an “accomplishment”.
The Permanent Crisis of Capitalism
The growth in arms sales is structurally driven by the permanent crisis of capitalism. There has been a long-term decline in the rate of profit of the productive sectors of leading capitalist states. This decline began in 1965 and persisted all through the 1970s. A partial recovery occurred from 1982 to 1997, at roughly two-thirds the 1965 level. This was followed by another drop after 1997 and then another recovery in 2006, back up to 1997 levels. A sharp fall in the course of the 2008 crisis soon took place, which took the profit rate down to roughly one-third of the 1965 level. Thereafter, another weak recovery has ensued. ....

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Transcripts For CSPAN2 Capital News Today 20111109



fighters, but still flying newer versions there. we ll deploy a long range strike bomber, modernize systems, and modernized our space constellation that provides a lot of the utilities, global positioning, weather, and communications for the joint force. host: if you look at 2012 budget for the u.s. air force, the total is $119 billion. in order to reach goals you outlined for your equipment, what does the budget need to be in the years from here on out for 20 years 1234 guest: we plan at different level, and we start by planning the force we think we need to have what we call a moderate risk or to be able to do all the things the country asks us to do at a moderate risk, but because of the fiscal realities we face, we know there s less money, that it would take to do that, and so then we plan what we think is available, and we ll continue to work to try to advocate for a strategy based approach to get the most out of whatever dollars the country decides to spend ....

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Transcripts For CSPAN2 Tonight From Washington 20111109



be terminated. the presiding officer: without objection. mr. reid: i ask unanimous consent to motion to proceed to h.r. 6 4 be adopted and after the motion is adopted the majority leader be recognized to introduce, senator mccain or his designee be offered to offer second-degree amendment, 928, no oo other than budget poifnts order. following morning business on wednesday, november 9, the senate proceed to a consideration to the consideration of the motion to proceed to s.j. res. 6, under the previous order. upon the use or yielding back of that time, the senate resume consideration of h.r. 674. further, that 10:00 a.m. thursday, november 10, senate proceed to the consideration of the motion to proceed to s.j. res. 27 as provided under the previous order. that at noon the senate resume consideration of the motion to proceed to s.j. res. 6, there be up to five minutes of debate equally divided and controlled by the leaders or their designees prior to the motion to ....

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