As Bombs Drop, Weapons Industry Stocks Take Off

Gaza News

As Bombs Drop, Weapons Industry Stocks Take Off
General DynamicsGenocideIsrael
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William D. Hartung is a Senior Research Fellow at the Quincy Institute for Responsible Statecraft, and the author most recently of 'Pathways to Pentagon Spending Reductions: Removing the Obstacles.'

It’s a sad but familiar spectacle — as people die at the hands of U.S. weapons in a faraway war zone, the stock prices of arms makers like Raytheon and Lockheed Martin soar. A piece posted yesterday at Forbes tells the tale: “Defense Stocks Hit All-Time Highs Amidst Mideast Escalation.” One wonders how the executives of these companies feel about their products being used for mass slaughter in Gaza and dangerous escalation in Lebanon .

But what about when those allies are engaged in widespread war crimes that prompted the International Court of Justice to say that Israel’s war on Gaza could plausibly be considered a genocide? Is it morally acceptable to just cash the checks and avert one’s eyes, or do the companies profiting from this grotesque humanitarian disaster have a moral responsibility for how their products are being used?A few years ago, during the height of Saudi Arabia’s brutal invasion of Yemen — enabled by...

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General Dynamics Genocide Israel Lebanon Lockheed Martin Palantir Raytheon Us Weapons War Crimes War Profiteering Arms Trade

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