Eisenhower and the Military-Industrial Complex

posted by
March 22, 2011
Liberty & Power
by Robert Higgs  
Posted in Commentary

"Over the years, many congressional investigations and other studies have been undertaken of Pentagon contracting and other aspects of military-economic relations in the United States. Serious problems ― cost overruns, late deliveries, official and corporate corruption, crony-capitalist bailouts, de facto industrial policy-making, and many others ― have been documented again and again. Despite repeated attempts ostensibly to root out these misfeasances and malfeasances, nothing fundamental ever changes in the MIC’s operation. Even now, more than twenty years after the USSR imploded and the Cold War ended, the United States spends more than ever on the military and does so as wastefully and nonchalantly as it did before, with no serious repercussions." (03/21/11)


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