Homeland Security Is a $130 Billion Bonanza for "Merchants of Fear"

[BurtWorm]

From the (UK) Observer:

http://www.guardian.co.uk/september11/story/0,,1868963,00.html

How US merchants of fear sparked a $130bn bonanza

The homeland security market has an army of lobbyists working for its interests in Washington

Paul Harris in New York
Sunday September 10, 2006
The Observer

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Five years after the World Trade Centre fell, a highly lucrative industry has been born in America - homeland security. There has been a goldrush as companies scoop up government contracts and peddle products that they say are designed to make America safe.

The figures are stunning. Seven years ago there were nine companies with federal homeland security contracts. By 2003 it was 3,512. Now there are 33,890. The money is huge. Since 2000, $130bn (£70bn) of contracts have been dished out. By 2015 annual federal spending on the industry could be $170bn.

But state officials want in on the government handouts too. That is why Indiana ended up identifying 8,591 potential terrorism targets (including Lehman's farm) inside its Midwestern borders. But they went too far.

Indiana's total was the most of any state - twice as many as California and 30 per cent more than New York.

The reason is simple. With so much money on offer and such riches being made, there is a powerful economic incentive to exploit the threat to America. The homeland security industry has an army of lobbyists working for its interests in Washington. It grows bigger each year and they want to keep the money flowing. America is in the grip of a business based on fear.

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