GW on Nostr: In a column last week, however, Krugman left his economics lane, and argued that ...

In a column last week, however, Krugman left his economics lane, and argued that President Dwight D. Eisenhower’s #militaryindustrialcomplex no longer existed.

In actual fact, the military-industrial complex, which includes the arms lobby, the weapons manufacturers, and the Congress, is far more influential than it was 60 years ago. Global defense spending is around $2.2 tillion, with the United States spending half of that amount.

#American #capitalism runs on #war

https://www.counterpunch.org/2023/11/07/paul-krugman-dismisses-the-existence-of-a-military-industrial-complex/