'Literal Colonialism': Blackwater Founder Calls for 'American Viceroy' to Rule Afghanistan | Common Dreams: As one critic noted, it is hardly surprising that a "war profiteer sees profit opportunity in war." Blackwater, the private military company Prince founded in 1997—which now operates under the name Academi—made a fortune off the invasion of Iraq. In 2007, a New York Times editorial noted that Blackwater had "received more than $1 billion" in no-bid contracts from the Bush administration; that same year, Blackwater contractors shot and killed more than a dozen civilians in what came to be known as the Nisour Square massacre.
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