FYI
http://books.google.com/books?id=FT..._JjACA&sa=X&oi=book_result&ct=result&resnum=2
A General Theory of International Relations
by Jayantanuja Bandyopadhyaya, Rikhi Jaipal
The Devil theory of imperialism focuses attention on the role of private arms manufacturers in promoting imperialism and war. While the capitalist class as a whole is impelled by the profit motive, that segment of it which is engaged in the private manufacture of arms makes quick and large profits from imperialism and warfare, mainly through the sale of arms on government contract. The 'military-industrial complex' of the advanced industrial economies exercises considerable control over the state and are able to bend foreign policy in their favour. The state often becomes a willing tool of the arms manufacturers also because massive doses of arms expenditure help to check the tendency of a capitalist economy to fall into a depression. In one form or another, this theory has been propounded by British socialists such as Philip Noel Baker, Fenner Brockway and Frederick Mullaly, Stalin, Einstein, and many contemporary non-Marxist critics of capitalism.