“War is Good for Business”

“War is Good for Business”: 

Big Oil, Wall Street and the 

Pentagon’s “New Cold War” Against Russia

By Bill Dores

The Soviet Union no longer exists. The Russian Federation is not a socialist state. But the U.S. military and political establishment still seek to destroy Russia. That’s the object of the crisis the Pentagon, State Department and CIA are orchestrating in Ukraine.

What drives this seemingly irrational course of action?

The same thing that drove the George W. Bush regime to invade Iraq in 2003. The same thing that’s driving the violent anti-China rhetoric from the Pentagon and the White House: financial need and cold economic ­calculation.

Not the financial need of the hungry and homeless, of the millions who need jobs at living wages, of those who can’t pay their rent or mortgages or who must choose between heating and eating.

It’s the need of Wall Street bankers and corporate CEOs to pump up their profits, stock prices and rates of return on their invested capital amid a global economic slowdown caused by capitalist ­overproduction.

The U.S. Energy Information Administration projects that the United States will replace Russia this year as the world’s top hydrocarbon energy producer. It says the U.S. will replace Saudi Arabia as the world’s No. 1 oil producer by 2015.