Herewith a holiday greeting going out to all the shareholders, management, and corporate board members of the PMSCs, the private military and security companies around the world. It comes from this link a friend sent:

War is Christmas with bloodshed.

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Some links regarding PMSCs I recently ran across:

States, Citizens and the Privatization of Security PDF
Recent years have seen a growing role for private military contractors in national and international security. To understand the reasons for this, Elke Krahmann examines changing models of the state, the citizen and the soldier in the UK, the USA and Germany. She focuses on the national differences both with regard to the outsourcing of military services to private companies and their specific consequences for democratic control over the legitimate use of armed force. Tracing developments and debates from the late eighteenth century to the present, she explains the transition from the centralized warfare state of the Cold War era to privatized and fragmented security governance, and the different national attitudes to the privatization of force.
Book

Codes of Conduct for Private Military and Security Companies
The state of self regulation in the industry PDF

A document from PRIV-WAR
PRIV-WAR is a collaborative research project (European Community’s 7th Framework Programme – Theme 8: Socioeconomics sciences and humanities) coordinated by the European University Institute through the Academy of European Law in cooperation with LUISS “Guido Carli” (Rome) and the other project partners: Justus Liebig Universität Giessen; Riga Graduate School of Law; Université Panthéon-Assas (Paris II), Centre Thucydide; University of Sheffield and Utrecht University. The project will assess the impact of the increasing use of private military companies and security companies (PMCs/PSCs) in situations of armed conflict. It will examine the regulatory framework at national, European and international levels, with a view to ensuring improved compliance with international humanitarian law and human rights. Launched in January 2008, the project will run for three years.