getting rich on war

antarchi's picture

Private Military and Security Companies (PMSCs) have grown exponentially in recent years due to the occupation of Iraq. Iraqi contracts boosted the annual revenue of British PMSCs alone from £320 million in 2003 to more than £1.8 billion in 2004. One recent reports estimates that there are 48,000 mercenaries in Iraq. Income for the industry reached $100 billion in 2004.