December 21, 2006

The Mahablog has a great look at the USA's unhealthy dependency on a military economy:
Chalmers discusses “military Keynesianism,” in which “the flow of the nation’s wealth — from taxpayers and (increasingly) foreign lenders through the government to military contractors and (decreasingly) back to the taxpayers.” As a result, “the domestic economy requires sustained military ambition in order to avoid recession or collapse.” Then, he ties military Keynesianism to the “unitary executive” theory and Bush’s increasingly unchecked power. Meanwhile, citizens and media dutifully “abet their government in maintaining a facade of constitutional democracy until the nation drifts into bankruptcy.”


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