As with so much concerning the war, events on the surface don't reflect reality. The conspiracy buffs are certain that this war is about the oil companies gaining control of Iraq's energy resources. The fact that Exxon Mobil posted a record $14 billion profit last year boosts the contention that the war is good for oil. But to my mind Congress's failure to put even the mildest brake on the Iraq disaster has to do with the war system itself. Bush's proposed budget allocates 20% of all federal spending to defense. It increases rather than decreases war spending. It pours immense resources into the very sector of the economy that is failing. Moreover, money spent on the military is notoriously inefficient. If you give a dollar to education, a student may get a better job that leads to him paying taxes in the future. Your dollar investment thus comes back to you tenfold, or more. If you spend a dollar on a bomb, it blows up. The net result is zero. It could wind up being negative if you wind up rebuilding the thing the bomb destroyed.
Iraq is obviously a negative investment. The war makers promised in 2003 that the price tag would be no more than $50 billion total. In other words, a petty war would cost a rich country very little. This year Bush wants over $140 billion for the war, and he will predictably come to Congress at year's end wanting even more in the form of supplemental funds. A serious war is costing a rich society dearly.
Why does a free market, favor such a huge negative investment? It doesn't. The market is heavily manipulated in favor of the war system, which is totally subsidized without the slightest proof that it is efficient, necessary, profitable, or even voluntary. The military-industrial complex runs the business of America in a tangled mesh of connections that includes big oil, university research, weapons development, aerospace, federal scholarship programs, and hundreds of other inter-related enterprises. There are only a few degrees of separation between a satellite beaming down Desperate Housewives and one devoted to missile defense, between a kid's video games and computerized bomb guidance systems. Every member of Congress has a permanent stake in keeping the system going, as do hundreds of lobbyists.