Sunday, April 20, 2014

War & Weapons Winners

Yesterday Japan began construction of a new military base some 6o miles from Taiwan on Yonaguni Island (link), roughly 400 miles southwest of the Japanese mainland. Forward deployment of troops, weaponry and intelligence gathering functions are planned for Yonaguni base, which is also about 6o miles from the disputed Senkaku or Diaoyu Islands.

Munitions makers and arms dealers are surely cheered by the news. As tensions cooled around the European Union, many large markets for weapons systems dried up. But Japan, China, Taiwan and Korea can raise huge amounts of money for "security" expenses. Taxpayers in those nations have no leverage to resist -- it's all patriotic and grand.

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