America Steps Up Investment In Global Cluster Bomb Trade | WHAT REALLY HAPPENED

America Steps Up Investment In Global Cluster Bomb Trade

Global investments in the manufacture of cluster bombs and related munitions rose over the past year, despite the existence of an international convention against the use or production of these weapons. More than half of the institutions involved in those investments are based in the United States.

From 2011 to 2014, an estimated 151 financial institutions invested at least $27 billion in companies that produce weapons considered by rights groups to be prohibited by the Convention on Cluster Munitions, which entered into effect in 2010. This new estimate, from PAX, a Dutch watchdog group, constitutes a $3 billion increase from just last year.

While it is unclear what exactly is driving that increase, rights groups have reported on the recent use of cluster munitions in both eastern Ukraine and, particularly, Syria.

“We’re seeing an increase in the total value of investment from just a year ago, so that’s a big disappointment,” Amy Little, a campaign manager at the Cluster Munition Coalition, a global advocacy network that includes PAX, told MintPress News.

“In fact, more and more companies and institutions are taking action to stop these investments, but simultaneously these remaining small number of abusers are still not finding it difficult to obtain finance.”

Cluster bombs are air-dropped weapons meant to open in midair and release hundreds of additional “bomblets,” thus significantly expanding the potential damage inflicted in the attack. For years, global sentiment has coalesced against the use of cluster bombs due to the fact that some of the bomblets invariably fail to explode, resulting in lingering danger for civilians long after conflicts end.

According to the new report from PAX, seven companies either continue to manufacture or assist in the manufacture of cluster weapons. These are the same seven companies included on the list last year. Two of these are based in the United States — the Minnesota-based Alliant Techsystems (ATK) and the Rhode Island-based Textron, while the rest are primarily located in China and South Korea. All three countries remain outside of the Convention on Cluster Munitions.

Webmaster's Commentary: 

These bombs are not being made in order to NOT use them.

And of course, cluster munitions do a spectacular job of killing infants and toddlers, who become curious about the packages, because they are colored just like food ration packages.

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