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Topics => Military News/Veterans => Topic started by: patentlymn on May 17, 2024, 01:20:31 PM

Title: Private equity and the rise of mercenary armies
Post by: patentlymn on May 17, 2024, 01:20:31 PM

https://www.reddit.com/r/antiwar/comments/1cubm08/private_equity_and_the_rise_of_mercenary_armies/ (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

Title: Re: Private equity and the rise of mercenary armies
Post by: Libertas on May 20, 2024, 08:31:48 AM

Well, yeah?

Who got the ball rolling?  CIA.

Who perfected it?  SAS boys behind WatchGuard.

The 90's saw a few outfits pop up here, but then Blackwater came onto the scene around 1996 and they're still around and now on their 3rd name.  There's more now, specialized and work for either governments or NGO's.

And until laws are passed to ban their use...everybody uses them.  Russia - Wagner.  Redut, Slavonic, Fakel, Patriot & ENOT.