The Atlantic arms economy: towards a military regime of accumulation?

Abstract

The new international division of labour among arms producers is increasingly subordinating European high-technology military industries to the industrial-military complex of the United States This is paving the way towards a new, military, regime of accumulation, coincident with recent patterns of capitalist economic growth increasingly dependent upon the production of department three output, luxury goods and. This has important consequences for traditional socialist strategies focusing upon ‘arms conversion’. They are no longer sufficient.