War, Incorporated: Private, Unaccountable and Profitable

Proceedings of the International Association for Business and Society 18:383-388 (2007)
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Abstract

War is being privatized at an accelerating rate. This paper suggests that the benefits from privatizing war accrue to the political and economic elite in thatprivatization reduces the political costs of war, allows for state crimes to be committed by proxy, turns war into a free crime zone, and has created new opportunities for war profiteering. However, the benefits to the political and economic elite are not without their costs to the remainder of the population. The capital accumulation process impels companies to expand their markets in order to survive and grow, focus on efficiency in order to maximize profits, and concentrate on fulfilling the contract terms in order to acquire more business. The paper demonstrates how the introduction of these motives has negatively impacted the war in Iraq and foreign affairs

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