To be precise, the arms manufacturers in Norway will profit at the expense of the people since government subsidies come from taxes. The war basically lets the government divert taxes from things they’re meant for, like public services, towards private pockets of the people who own these companies.
Sure, but net effect is that labour and resources are allocated away from productive efforts, and some tax money is diverted away from public services. Net effect is that individuals benefit at the expense of the majority.
I’d say US war industry is probably going to be the biggest winner, but countries with oil and gas are definitely raking it in too.
Our Kongsberg-group deliveries weapons to a wide range of allies, a lot of them M-72 LAWs sent to Ukraine from is Made In Norway.
The new orders are so big that the state run company had to ask the government for subsidies to increase the manufacturing capacity IIRC.
Nammo is one of the biggest producers of rockets and “specialty” ammunition, aka. military grade infantry ammo from what I’ve gathered.
I think Norway will profit from our surprisingly large arms industry in this situation as well. 😐
To be precise, the arms manufacturers in Norway will profit at the expense of the people since government subsidies come from taxes. The war basically lets the government divert taxes from things they’re meant for, like public services, towards private pockets of the people who own these companies.
The Norwegian state is majority share holders.
Sure, but net effect is that labour and resources are allocated away from productive efforts, and some tax money is diverted away from public services. Net effect is that individuals benefit at the expense of the majority.