Source: Zero Hedge
In his farewell address to the nation 56 years ago, President Dwight D. Eisenhower warned the American people for the first time to keep a careful eye on what he called the “military-industrial complex” that had developed in the post-World War II years. Fiscally conservative Eisenhower had been concerned about the growing size and cost of the American defense establishment since he became president in 1953, and as History.com notes, in his last presidential address to the American people, he expressed those concerns in terms that shocked many of his listeners.
Eisenhower began by describing the changing nature of the American defense establishment since World War II. No longer could the U.S. afford the “emergency improvisation” that characterized its preparations for war against Germany and Japan. Instead, the United States was “compelled to create a permanent armaments industry” and a huge military force. He admitted…
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