Word: bazaar
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Dates: during 1980-1989
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...strangest "arms bazaar" that TIME Correspondent Bruce van Voorst had ever seen was a collection of grimy peasant tents spread out on a dusty knoll outside the town of Mahabad, in the Kurdish mountains of western Iran. There, a clientele of mercenaries and international agents milled about, examining Israeli-made UZI automatics, Chinese and Soviet AK-47s, boxes of grenades, pre-World War II Czech-made Brno rifles and spanking new U.S. Colt .45 automatics. "For the serious customer," says Van Voorst, "a salesman would casually discharge a few rounds into a nearby hillside...
...world arms bazaar is a Rubik's Cube of complex and shifting relationships and one of the world's largest businesses; last year weapons transfers amounted to perhaps $120 billion.* Weapons are indisputably a growth industry...
...competitive forces that dominate the global arms bazaar create a complex dilemma. If the U.S. turns down Venezuela's request for F-16s, what is to prevent the French from selling it Mirage fighters? If the Senate rejects the AW ACS sale, the Saudis have warned they will simply
...soil of poor nations with weapons purchased from rich ones. And a cascading supply of sophisticated weapons is an ever growing temptation to terrorist fanatics unbeholden to any rational standard of conduct. When the latest models of shoulder-held, heat-seeking missiles can be bought at any village bazaar, where will it be safe for any plane...
Some older or more nimble Americans (especially those lucky enough to have bought a house in, say, the Eisenhower or Johnson or Nixon years) have done handsomely in the runaway housing bazaar. They went trading through the '70s market wearing that extortionate little smirk that oil sheiks display on the way out of OPEC meetings...