Profits of Doom

How vulture capitalism is swallowing the world

A book by Antony Loewenstein


"Courageous reporting, illuminated with perceptive analysis" – Noam Chomsky


Vulture capitalism has seen the corporation become more powerful than the state, and yet its work is often done by stealth, supported by political and media elites. The result is privatised wars and outsourced detention centres, mining companies pillaging precious land in developing countries and struggling nations invaded by NGOs and the corporate dollar.

Best-selling author Antony Loewenstein travels to Afghanistan, Pakistan, Haiti, Papua New Guinea and across Australia to witness the reality of this largely hidden world of privatised detention centres, outsourced aid, destructive resource wars and militarised private security. Who is involved and why? Can it be stopped? What are the alternatives in a globalised world? PROFITS OF DOOM challenges the fundamentals of our unsustainable way of life and the money-making imperatives driving it.

Read the introduction hereextract from chapter on Christmas Island, extract from chapter on Curtin detention centre in Western Australia and Sydney launch here