Posted by: Lister | October 1, 2007

Lord of War award goes to

the USA!!! Congratulations on cornering 42% of the market.

Bush ::: “I’d like to thank all the people that made this possible. Saddam, of course. And… ”

The US concluded $16.9bn worth of arms deals last year, a $3.4bn increase over 2005, the Conventional Arms Transfers to Developing Nations report said.

[More than $46bn worth of arms were sold globally in 2006]

[…] But some of the old international tensions do seem to remain, Russia boosted its worldwide arms sales by $1.2bn, ending 2006 in second place with 21.6 per cent of the market.

[…] But despite the fears of a new global arms race, the size of the market actually shrunk from $46.3bn in 2005 to $40.3bn last year.

Great. A bigger share of a shrinking market. Let’s hope they’re out of business soon.

However, the report does not take into account for the huge number of illegal weapons transfers, worth an estimated $10bn.

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Responses

  1. I suppose it’s a business, like any other. Unfortunately the US shoots itself in the foot when it does this sort of thing…it’s hard to track where these weapons go. Al-Qaeda anyone?

  2. Not just weapons to small groups.

    30% of Arms Are Unaccounted For in Iraq.

    The Pentagon has lost track of about 190,000 AK-47 assault rifles and pistols given to Iraqi security forces in 2004 and 2005, according to a new government report, raising fears that some of those weapons have fallen into the hands of insurgents fighting U.S. forces in Iraq.

    Via Hysterical Raisins


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