When Corporations Choose Despots Over Democracy
And here's an excerpt:
Sickening, as far as I'm concerned. Just sickening.
Egypt has been the second-largest recipient of U.S. foreign aid for decades, after Israel (not counting the funds expended on the wars and occupations of Iraq and Afghanistan). Mubarak’s regime has received roughly $2 billion per year since coming to power, overwhelmingly for the military.
Where has the money gone? Mostly to U.S. corporations. I asked William Hartung of the New America Foundation to explain:
“It’s a form of corporate welfare for companies like Lockheed Martin and General Dynamics, because it goes to Egypt, then it comes back for F-16 aircraft, for M-1 tanks, for aircraft engines, for all kinds of missiles, for guns, for tear-gas canisters [from] a company called Combined Systems International, which actually has its name on the side of the canisters that have been found on the streets there.”
Hartung just published a book, “Prophets of War: Lockheed Martin and the Making of the Military-Industrial Complex.” He went on: “Lockheed Martin has been the leader in deals worth $3.8 billion over that period of the last 10 years; General Dynamics, $2.5 billion for tanks; Boeing, $1.7 billion for missiles, for helicopters; Raytheon for all manner of missiles for the armed forces. So, basically, this is a key element in propping up the regime, but a lot of the money is basically recycled. Taxpayers could just as easily be giving it directly to Lockheed Martin or General Dynamics.”