Chronicling the issue of the privatization of war or war for profit..(primer)

Chronicles of the issue of the privatization of war or war for profit from the year 1900 to the present listing the companies and financial institutions involved in profiteering ventures.
 
The issue of privatization of war or war for profit is a complex and controversial topic that has been ongoing for over a century. The involvement of private companies and financial institutions in profiteering ventures during times of war has been documented in various conflicts around the world. Here is a brief chronicle of the issue from the year 1900 to the present:

1900s-1910s: During the Boxer Rebellion in China, several foreign companies, including Jardine, Matheson & Co., and the Hong Kong and Shanghai Banking Corporation (HSBC), provided financial support to the Eight-Nation Alliance, a coalition of Western powers that intervened in the conflict. These companies profited from the war by providing loans and other financial services to the allied forces.

1920s-1930s: In the aftermath of World War I, private arms manufacturers such as Krupp and Vickers-Armstrongs in Europe and Remington Arms in the US, profited from the military build-up that preceded World War II.

1940s-1950s: During World War II, companies such as Ford, General Motors, and IBM provided material and logistical support to the Nazi regime. IBM, in particular, provided the technology that enabled the Nazis to track and identify Jews and other groups that were targeted for extermination.

1960s-1970s: During the Vietnam War, private contractors such as Brown & Root (later known as Halliburton) and Bechtel Corporation, profited from providing logistical support to US military operations. Other companies, such as Dow Chemical, made profits by producing Agent Orange, a chemical weapon used by the US military in Vietnam.

1980s-1990s: During the Iran-Iraq War, several Western companies, including BNP Paribas, Credit Lyonnais, and Bank of America, provided financial support to Iraq despite the international arms embargo. These banks made profits by facilitating the transfer of funds and by providing loans to the Iraqi government.

2000s-2010s: During the wars in Iraq and Afghanistan, private military contractors such as Blackwater (later known as Xe and then as Academi), DynCorp, and Triple Canopy, profited from providing security and logistical support to US military operations. Companies such as Halliburton (via its subsidiary KBR) made profits by providing construction and other services to the US military.

Additionally, various financial institutions, including JPMorgan Chase, Citigroup, and Barclays, profited from providing loans and other financial services to companies involved in these conflicts.

Overall, the issue of the privatization of war or war for profit remains a contentious issue, with critics arguing that it creates incentives for companies to promote and prolong conflicts for their own financial gain.

 

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