War is a racket and damn, business is good. When it comes to the global arms trade, no one sells more weapons than the United States of America. The US controls about a third of the nearly 100 billion global arms trade. Its next closest competitor—Russia—doesn’t do even half the business America does. January 2019 was a record year for the defense industry—profits were up across the board. It was the best month for arms sales in a decade.
Here to help us understand the war racket is Amanda Macias. Macias is CNBC’s National Security Reporter. She specializes in the business of war. Amanda, thank you so much for joining us.
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The Arms Business is Booming