THE Covid pandemic which struck in February 2020 shattered the livelihoods of billions around the world and hundreds of thousands of lives were lost in the first year. In that year stock markets around the world reached record highs. Stock markets seem to thrive on human misery.
The war in Ukraine carries on, with no end in sight. Members of the North Atlantic Treaty Organization (NATO) have rallied to give military assistance to the Ukraine government, and hundreds of billions of dollars of arms have been supplied already. While the lives of citizens in Ukraine are grinding along painfully, the stocks of US defence companies have soared, beating the overall stock market. The US Congress has passed a bill allowing the President to give many billions more of defence assistance to Israel provided he cuts social security support for needy US citizens. This is a good time to invest in US defence companies.
Investors have rights in the economy. Humans have fundamental rights in any society. Human rights struggled against property rights in the 20th century. Legally, investors won. By the end of the century, with a surge in economic globalization, investors had acquired rights to sue governments of countries in international tribunals. Thereby, wealthy investors living luxuriously in one country can claim compensation from the government of a poor country for harm to their financial wealth by actions taken by that government to protect the interests of its own citizens.
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