The Growing Connection Between Big Finance and the Weapons Industry
Ties between big finance and the weapons industry are not new. The first venture capital firm in the U.S. was founded to profit from new technologies developed for use in WWII, and the role of military spending in turning Silicon Valley into a tech hub is well documented. Today’s biggest VC titans are making transformative investments in military technology that pose serious consequences far beyond another hype-driven tech bubble. Weaponizing their financial assets to expand the production of war material will not only divert technological resources away from other critical domestic priorities but also forge novel devices of warfare that will generate demand for battlefield testing grounds both at home and abroad.
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