Monday, November 12, 2012

THE PRIORITIES OF CAPITALISM

All over the world capitalist governments facing an economic recession are eager to cut expenditures and are examining ways to cut pensions and welfare payments, but there is one area of government expenditure that shows no signs of cut-backs. "The USS Gerald R. Ford is the most expensive weapon ever created and will run about $11.5 billion, with three ships costing about $40.2 billion. Even given these generous estimates, the Navy figures that the USS Gerald R. Ford could cost as much as $1.1 billion more than planned, making it far and away the service's most expensive warship." (Business Insider, 25 October) In order to protect sources of raw materials, markets and spheres of economic and political influence the owning class must have up-to-date weapons of destruction. RD

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