The big defense and intelligence contractors have been the only consistent winners in the wars the U.S. has fought since World War II. From Dan Steinbock at antiwar.com:
The Unwarranted Ukraine Proxy War: A Year Later
Not only do these global military contractors arm Ukraine, but they stand to benefit from the re-militarization of Western Europe, Japan, and the new NATO members.
To Russia and Ukraine, the crisis is an existential issue. To the US and NATO, it’s a regime-change game. To Europe, it means the demise of stability – in the world economy, lost years (and that’s the benign scenario).
That’s how I characterized the US/NATO-led proxy war against Russia in Ukraine back in early March 2022. I argued that it was an “avoidable war that will penalize severely Ukraine, Russia, the US and the NATO, Europe, developing countries and the global economy.”
At the time, the prediction was seen as contrarian. But it has prevailed. However, on January 25 the Ukraine proxy war entered a new, still more dangerous phase. The commitment of some 70 US, German, UK and Polish battle tanks herald lethal escalation, although hundreds more are needed to defeat Russia.
Not only will economic and human costs climb even further, but strategic risks, including the potential of nuclear confrontation, will soar. With such escalation in high-tech arms sales to Ukraine, regional and military spillovers are a matter of time.