Wednesday, October 03, 2012

Japan-China Contretemps Triggers Boom for Arms Dealers


Hardliners, Weapons-Makers the Real Winners in Japan-China Dispute 

by TRNN


Japanese and Chinese nationalists are willing to bet their countries' futures for the sake of national pride and a handful of uninhabited islands in the sea, but it may be the global weapons-making industry that walks away with the pot.

Watch full multipart China

Michael Penn: This is Michael Penn with The Real News in Tokyo. Much of the world has been surprised in recent weeks by political bickering between the world’s second- and third- largest economies, China and Japan, over a group of five tiny islands where nobody even lives. In spite of the apparent insignificance of the territories involved, they have engendered passions which spread a crisis throughout East Asia.