Europe @feddit.org CAVOK @lemmy.world 2d ago

As Germany’s defence stocks go ballistic, armsmakers are tooling up

www.economist.com As Germany’s defence stocks go ballistic, armsmakers are tooling up

They are snapping up staff and sites from ailing firms

Paywall? https://archive.is/uSwsF

47 comments

Stocks as "share prices", not as "amount of ammunition in the warehouses". Pffft.
I've read this entire comment section all the way down here. What a waste of time.

I truly pray that our EU leaders don't bicker amongst themselves like this. 🤣 EU armament now!
I hope some people will finally realize who really profits from all the increased defense spending. Because the people of Ukraine will not be it.
- So what's your alternative? Do nothing as Russia invades country after country and hope that they'll stop before it's our turn?
  
  Noone should profit of war. Arms production is something that the state should do. We devinetively should communism arms production.
  
  https://m.youtube.com/shorts/TQqQIZEXDuE
  
  Russia will never destroy our way of life!
  
  /s obviously but all of this warmongering is scary as fuck, and I hate that the ultra rich will just get even richer from this.
  
  If people were as serious about it as they pretend to be, we would be talking about nationalizing those defense industries.
  
  You know who the biggest shareholders of Rheinmetall are? US American investment fonds linked to fascists. And the original founders of all these German companies? Yeah, litteral Nazis.
  
  They are of course happy to sell to both sides. They always do.
- Everything is profits. Renewable energies is also profits. So is recycling. So is war. So is peace. If you're doing something not for profits you're delusional and will lose in the long run. Every time!
  
  Nice dellusional capitalist thinking you got there 😅
- I hate war, I hate profiteering off human misery and I hate that the only way to deterr others from attacking you is to be ready for war yourself because humans still can't get over the drive to dominate and exploit.
  
  But that despicable reality of the Security Dilemma means we need to spend money on defense. We cannot yet trust other humans enough that disarmament is viable. I consider myself a pacifist, but I am not so naive to think violence can be checked by words along. The feather may be stronger than the sword, but only if it lives long enough to write.
  
  I hate that so much production has to be wasted on means of destruction. I hope we never have to use them.
  
  Europe is already spending 430 billion Euros annually on defense (compared to about 150 or PPP adjusted 300 for Russia).
  
  This is not about pacifism, this is about not being manipulated into spending even more, when you could rather look into what you are already spending and use that more efficiently. There is a lot of potential to massively improve spending efficiency and also strengthen the defense capabilities.
  
  Defense is not the only problem Europe has, and also just ramping up defense spending elsewhere does not help the Ukrainians defend themselves against Russia.
- Because wars are for the profit of the people, right? The people of Ukraine will be busy for half a century or more paying back the US already.

47 comments