Tag Archives: military spending

The US military-industrial complex fifty years later

On January 17, 1961 President Dwight Eisenhower famously warned Americans that an emerging “military-industrial complex” would wield unhealthy and unwarranted influence – “economic, political, and even spiritual”—0ver their political life if it was left unchecked.  The warning came in Eisenhower’s … Continue reading

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…except in the UK

While global military spending seemed recession proof as it continued its upward climb in 2009 (see previous post), fiscal reality has finally closed in on the UK in 2010 – and the Ministry of Defence will not escape the consequences. Military … Continue reading

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No recession for global military forces

It seems the military is one economic sector that is pretty much recession proof. While global government spending generally fell in 2009 in the wake of the great recession, and while budgetary deficits soared, there was little interruption to the … Continue reading

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Military spending as “weaponized Keynesianism”

The inimitable Barney Frank had it about right when he allowed that he “would be very happy if there was some way to make it a misdemeanor for people to talk about reducing the budget without including a recommendation that we substantially … Continue reading

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