22 - Gravy Train: Corporate Profiteering on National Defense


22 - Gravy Train: Corporate Profiteering on National Defense


In this episode I return to the topic of Pentagon economics and the military-industrial complex. Wartime or peacetime, US military spending spirals upward, to the benefit of the weapons makers and pro-defense Congress members. It's a gravy train, and beneficial to all the parties. President Eisenhower's famous comment that excessive military spending is "a theft" from social programs is especially pertinent today.