Word: bazaar
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Dates: during 1970-1979
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...Arms Bazaar: From Lebanon to Lockheed by Anthony Sampson The Viking Press,$12.95,340 pages...
Starting with Nobel and such other "merchants of death" as Alfred Krupp, Andrew Carnegie and the duPont family,Arms Bazaar by Anthony Sampson, a British journalist, traces the rise of the international arms market. As any good front-page journalist does, Sampson pays sharp attention to detail and leaves the analysis to more sophisticated writers. He merely tries to trace the industry point-by-point, producing an account valuable for researchers and pleasure readers...
...prime intent of Arms Bazaar is to document the tangled path of the companies and entrepreneurs who have developed the arms trade. Sampson, author of books on ITT and the oil companies, has had considerable experience in writing exposes. The Sears and Roebuck-like brochures produced by the British foreign service, the $106 million Lockheed paid to a single Arab business agent over five years, and numerous other interesting details are recounted. Sampson concentrates on the activities of the Western nations partly because they are more involved and less policy-oriented than the Soviets, but also because the information...
...TIMES Arms Bazaar may seem to be a conspiracy book. Business and political figures from Herbert Kalmbach to Prince Bernhard of Holland are involved in one way or another. But Sampson is not paranoid, merely thorough. The arms trade, with its manufacturers so dependent on large-sale, precarious government contracts, is one of the most lucrative and integral to the western world...
...economist Milton Friedman last fall was roundly condemned: Friedman was one of the architects of the junta's economic policy. The New York Times reported last week that that policy, of inviting foreign investment and imports at the expense of a domestically-controlled economy, has turned Chile into "a bazaar filled with foreign goods that are snapped up by the well-to-do while millions of workers and their families are living hand to mouth." In many cases, workers are not living "hand to mouth" at all, but starving outright. At least 13 per cent of the labor force...