| | Other acronyms, such as '''MICC''' (military-industrial-congressional-complex) or '''MICIMATT''' (military-industrial-congressional-intelligence-media-academia-think tank complex) have been developed to explain the [[deep state]] process of how military contractors, who are recipients of government defense contracts, donate to political candidates to vote for defense projects and non-profit [[think tank]]s to write reports on the need for more ever-bloated defense spending. | | Other acronyms, such as '''MICC''' (military-industrial-congressional-complex) or '''MICIMATT''' (military-industrial-congressional-intelligence-media-academia-think tank complex) have been developed to explain the [[deep state]] process of how military contractors, who are recipients of government defense contracts, donate to political candidates to vote for defense projects and non-profit [[think tank]]s to write reports on the need for more ever-bloated defense spending. |
| | ''The Intercept''‘s Jon Schwarz examined returns on stocks of the five biggest defense contractors: [[Boeing]], [[Raytheon]], [[Lockheed Martin]], [[Northrop Grumman]], and General Dynamics. Schwarz found that a $10,000 investment in stock evenly split across those five companies on the day in 2001 that then-President Georg W. Bush signed the authorization preceding the US invasion would be worth $97,295 this week, not adjusted for inflation, taxes, or fees. According to ''The Intercept:'' | | ''The Intercept''‘s Jon Schwarz examined returns on stocks of the five biggest defense contractors: [[Boeing]], [[Raytheon]], [[Lockheed Martin]], [[Northrop Grumman]], and General Dynamics. Schwarz found that a $10,000 investment in stock evenly split across those five companies on the day in 2001 that then-President Georg W. Bush signed the authorization preceding the US invasion would be worth $97,295 this week, not adjusted for inflation, taxes, or fees. According to ''The Intercept:'' |
| | {{quotebox-float|"This is a far greater return than was available in the overall [[stock market]] over the same period. $10,000 invested in an [[S&P 500]] index fund on September 18, 2001, would now be worth $61,613. That is, defense stocks outperformed the stock market overall by 58% during the Afghanistan War."<ref>https://theintercept.com/2021/08/16/afghanistan-war-defense-stocks/</ref>}} | | {{quotebox-float|"This is a far greater return than was available in the overall [[stock market]] over the same period. $10,000 invested in an [[S&P 500]] index fund on September 18, 2001, would now be worth $61,613. That is, defense stocks outperformed the stock market overall by 58% during the Afghanistan War."<ref>https://theintercept.com/2021/08/16/afghanistan-war-defense-stocks/</ref>}} |