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Weapons and Spaceships: The Military-Industrial Complex

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American Industrial Policy
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Abstract

In his farewell address in 1961, President Dwight Eisenhower warned Americans to prevent the growth of a military-industrial complex that threatened to undermine their economic dynamism and political freedom. Two years later, the former four-star general and president elaborated his views:

No matter how much we spend for arms, there is no safety in arms alone. Our security is the total product of our economic, intellectual, moral, and military strengths … there is no way in which a country can satisfy the craving for absolute security — but it can easily bankrupt itself, morally and economically, in attempting to reach that illusory goal through arms alone. The military establishment, not productive itself, necessarily must feed on the energy, productivity, and brainpower of the country, and if it takes too much our total strength declines.3

Every gun that is made, every warship launched, every rocket fired, signifies in the final sense a theft from those who hunger and are not fed, who are cold and are not clothed. The world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, and the hopes of its children.

Dwight Eisenhower1

The whole army and navy are unproductive labourers. They are the servants of the public, and are maintained by a part of the annual produce of the industry of other people. Their service, how honourable … produces nothing for which an equal number of services can afterward be produced.

Adam Smith2

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Notes

  1. Adam Smith, The Wealth of Nations (New York: Modern Library, 1937), p. 315.

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  2. Among prominent books on the subject, see: C. Wright Mills, The Power Elite (New York: Oxford University Press, 1956);

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© 1997 William R. Nester

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Nester, W.R. (1997). Weapons and Spaceships: The Military-Industrial Complex. In: American Industrial Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25568-9_5

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