As I write these lines, the headlines of the newspapers are dominated by the shock announcement that Russia would be “at war” with the United States and its allies if they lift restrictions on Ukraine’s use of long-range western missiles for the purpose of deep strikes on Russian territory.

“War is a terrible thing? Yes, but it is a terribly profitablething,” Lenin once remarked. The ongoing aggravation of inter-imperialist conflicts and proxy wars is once again proving Lenin entirely right. As thousands are being butchered in Gaza, Ukraine, Congo, Sudan and elsewhere, and as defence spending is rocketing globally, a handful of capitalists are lining their pockets. The working class is having to foot the bill for this deadly spending spree.