A wise man (who is currently Then Husband) told Life in the Boomer Lane many years ago that history is determined by economics. Shortly thereafter, on a slow day, LBL reviewed the events of the last 50,000 years, and she couldn’t argue with him. The point is that ultimately, someone benefits economically by making decisions that result in war, plague, pestilence, famine, religious zealotry, drug and alcohol dependence, human slavery, environmental mayhem, and our current Congress.
Whether you believe guns are the spawn of the devil or whether you believe they are some kind of God given right and that each person should have a gun issued with his birth certificate, the fact is that the gun industry itself is big business. In fact, it’s a much bigger business than most people realize, resulting in $32 billion dollars of revenue every year (which interesting enough, is about the same amount made by world commercial and sexual exploitation.) And it’s continuing to grow at a very healthy rate. The National Shooting Sports Foundation is proud that “the firearms industry has stood apart from other industries by thriving in a down economy.”
Michelle Cox is a researcher for onlinemba.com that provides education and industry insights to current and prospective MBA students. Included in their collection of resources, is a series of insightful, business-focused videos that have been featured by respected news outlets like The Huffington Post, Forbes, and Business Week. Michelle has asked me to watch and review one of their videos, “How Much is the Gun Industry Worth?”
Don’t worry about the video taking up too much time out of your busy and important life. It’s only about one minute long. After you watch the video, you might need to pour yourself a stiff drink, thereby contributing to a $65 billion dollar a year industry.