As Bombs Drop, Weapons Industry Stocks Take Off

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Gaza News

General Dynamics,Genocide,Israel

William D. Hartung is a Senior Research Fellow at the Quincy Institute for Responsible Statecraft, and the author most recently of 'Pathways to Pentagon Spending Reductions: Removing the Obstacles.'

It’s a sad but familiar spectacle — as people die at the hands of U.S. weapons in a faraway war zone, the stock prices of arms makers like Raytheon and Lockheed Martin soar. A piece posted yesterday at Forbes tells the tale: “Defense Stocks Hit All-Time Highs Amidst Mideast Escalation.” One wonders how the executives of these companies feel about their products being used for mass slaughter in Gaza and dangerous escalation in Lebanon.

But what about when those allies are engaged in widespread war crimes that prompted the International Court of Justice to say that Israel’s war on Gaza could plausibly be considered a genocide? Is it morally acceptable to just cash the checks and avert one’s eyes, or do the companies profiting from this grotesque humanitarian disaster have a moral responsibility for how their products are being used?A few years ago, during the height of Saudi Arabia’s brutal invasion of Yemen — enabled by...

 

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