クロスポスト: https://lemmy.zip/post/30114839
US President Joe Biden used his farewell address to the nation to deliver stark warnings about an “oligarchy” of ultra-wealthy individuals and a “tech-industrial complex” that infringes on Americans’ rights and threatens the future of democracy in the nation.
Archived version: https://web.archive.org/web/20250116073204/https://www.euronews.com/2025/01/16/biden-warns-of-ultra-wealthy-oligarchy-threatening-us-democracy-in-farewell-address-to-the
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Would you mind elaborating on that? Besides popularizing the term in that farewell address, what did Eisenhower do exactly that makes it worth giving him credit for the MIC?
Escalated the Korean War and sent the first troops to Vietnam to protect French interests. Also kept some of the WWII money going instead of winding it down, making it permanent. One example is postwar investment into Europe and the Middle East, then using the military to protect those investments.
A lot of countries post-WWII immediately shut down weapons production to something that makes sense in peacetime. Eisenhower (and also Truman) just found new places to put American weapons to use.