By Morgan Strong
August 23, 2008
The Russia-Georgia clash has generated heated anti-Moscow rhetoric from John McCain and U.S. neoconservatives about a new Cold War, a prospect that most people might see in a negative light but which many military contractors surely view as a financial plus.
One unstated reality about revived tensions between Washington and Moscow is that it will mean a bonanza in military spending – billions of additional dollars for anti-missile weapons systems, larger armies, construction of new bases in Eastern Europe, etc.
Indeed, the spending on Cold War II could dwarf what military contractors are now making on the “war on terror” – and the prospect of spending on both conflicts simultaneously should make arms industry executives drool.