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Not really. As long as the Industrial families weren't actually doing the fighting, they wouldn't care. If anything, they'd want to promote war; what other endeavour requires the same level of infrastructure and regular replacement of hardware?
Think: Halliburton and Blackwater. You really don't think the Glukkons would be in to that?
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That's a good point, I didn't think of the ones running it NOT being the Industrialist higher-ups themselves. If it WAS the case where simply the richest Gluk was chosen to run the war, then one might assume the other businesses would have to provide munitions / other military hardware for free or a reduced price. The only other way to get around it would be to raise taxes; One of the few things that I think could spark widespread rebellion among Glukkons :P
But yes, I'm sure if a war did come along that was run by either some kind of Glukkon government or an unlucky individual, I wouldn't put it past the military outlets to barely contain their excitement as they form a hidden cartel themselves and fix a ridiculously high price. Something tells me 'patriotism' wouldn't be strong amongst the Glukkons, and their selfish nature may even cripple the war efforts noticeably, as they dig for profits.
I wish we knew a little more about the Glukkon government.