Aug 14, 2014

Keane: Iraq intervention part of a war without end

The deteriorating Iraq situation and our response to it merely perpetuates a War on Terror that will always curb our freedoms.

Bernard Keane — Politics editor

Bernard Keane

Politics editor

Last Friday morning American time, when the New York Stock Exchange opened, the share prices of Lockheed Martin, Northrop Grumman, General Dynamics, Raytheon and L3 Communications all immediately spiked between 1.5% and 3%. The night before, President Barack Obama had announced that the United States would be using airstrikes against ISIS forces in Iraq. They’re the biggest defence companies in the United States, and war is always good for business.

Indeed, over the last year, as the situations in Syria and Iraq have steadily deteriorated, US defence company shares have all strongly outperformed the Dow and the Nasdaq, with investors apparently convinced, even after the abortive threat to use military force against Syria over chemical weapons earlier this year, that the goods and services produced by the US military-industrial complex would be needed. So it turned out to be.

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17 thoughts on “Keane: Iraq intervention part of a war without end

  1. klewso

    That would have been the “pre-gelded Mick Keelty”?

  2. klewso

    Sort of a “Catch-69” isn’t it – you can’t see their head for someone’s arse?

  3. klewso

    Get rid of IS?????????
    What would they have to scare us with next – on the back of which to further curtail individual freedoms?

  4. Venise Alstergren

    Isn’t it wonderful-War is a growth industry!

  5. Coaltopia

    Excellent piece: “It will never stop” will require the eternal vigilance we’ve forgotten to uphold.

  6. Venise Alstergren

    I wanted to go to Yemen but was advised not to because of the terrorist threat. Closer inspection revealed the real reason for not going-namely the threat of being blown-up by an American drone.

  7. Glen

    To what extent is the massively increased spend on “national security” really about ensuring the personal security of senior politicians? They are targets, and know it.


    My children and grandchildren face a bleak world. I am so sad and powerless.

  9. MJPC

    Interesting view on the current disaster. Whilst the finances never end for security forces to stop “terrorism”, what are they spending the $$$ on in light of yesterdays news reports that the said security agencies underestimated the power of social media to recruit radicalised youth for these conflicts.
    OOOOps, wait for the next budget where money will be allocated into surveillance of social media…this is just obscene on so many levels.

  10. drsmithy

    Well, they need something to keep the generation of angry, unemployed, unemployable youth they’re eagerly creating, busy.

    Expect military service to feature as an alternative to waiting 6 months for the dole at some point in the not too distant future.

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