Modal close

Dear Democracy Now! visitor,

You turn to Democracy Now! for ad-free news you can trust. Maybe you come for our daily headlines. Maybe you come for in-depth stories that expose corporate and government abuses of power. Democracy Now! brings you crucial reporting like our coverage from the front lines of the standoff at Standing Rock or news about the movements fighting for peace, racial and economic justice, immigrant rights and LGBTQ equality. We produce our daily news hour at a fraction of the budget of a commercial news operation—all without ads, government funding or corporate sponsorship. How is this possible? Only with your support. If every visitor to this site in December gave just $10 we could cover our basic operating costs for 2017. Pretty exciting, right? So, if you've been waiting to make your contribution to Democracy Now!, today is your day. It takes just a couple of minutes to make sure that Democracy Now! is there for you and everybody else in 2017.

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Topics

"Merchants of Death": Weapons Industry Sees Rising Profits

StoryOctober 01, 2001
Watch iconWatch Full Show
Topics

As firefighters struggle to clear the wreckage of the World Trade Center and as people mourn the losses of lovedones, new weapons industries are gearing up for wartime level profits.

The New York Times reports today that senior Pentagon officials say that the Pentagon is sharply increasingspending on intelligence gathering and accelerating purchases of reconnaissance planes. They say that much of the$18 billion they hope to get from a $40 billion emergency budge supplement authorized by Congress will be spent onintelligence and surveillance.

Companies such as Northrop Grumman Co., which is developing a long-range unmanned surveillance vehicle and hasinvested heavily n electronic warfare systems, should benefit. Other contractors building the next generation ofsatellite-guided missiles and sensitive snooping devices also will play a role. The chairman and chief executiveofficer of Quarterdeck Investment Partners, a Los Angeles investment bank that focuses on aerospace and defense said,"This is a new war that will require new weapons."

We’re joined right now by former South Carlina state senator Tom Turnipseed, who has written an article forCommonDreams.org on how the weapons industry has already benefited from the attacks.

Guest:

  • Tom Turnipseed, former state senator of South Carolina and human rights activist.

Related link:


The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.

Make a donation