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Military News/Veterans / Private equity and the rise of mercenary armies
« Last post by patentlymn on Today at 01:20:31 PM »https://www.reddit.com/r/antiwar/comments/1cubm08/private_equity_and_the_rise_of_mercenary_armies/
In 2021 55% of all Pentagon spending went to private sector military contractors. That's $407 Billion, more than the federal government spent in stimulus checks to working people.
Private equity has increasingly led this trend, which causes two alarming problems. First of all, private equity doesn't have the same financial disclosure requirements as publicly traded firms, and once they buy defense contractors their finances can "go black" completely