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| | In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.}} | | In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.}} |
| | Other acronyms, such as '''MICC''' (military-industrial-congressional-complex) or '''MICIMATT''' (military-industrial-congressional-intelligence-media-academia-think tank complex) have been developed to explain the [[deep state]] process of how military contractors, who are recipients of government defense contracts, donate to political candidates to vote for defense projects and non-profit [[think tank]]s to write reports on the need for more ever-bloated defense spending. | | Other acronyms, such as '''MICC''' (military-industrial-congressional-complex) or '''MICIMATT''' (military-industrial-congressional-intelligence-media-academia-think tank complex) have been developed to explain the [[deep state]] process of how military contractors, who are recipients of government defense contracts, donate to political candidates to vote for defense projects and non-profit [[think tank]]s to write reports on the need for more ever-bloated defense spending. |
| − | | + | {{clear}} |
| | ==NATO wars== | | ==NATO wars== |
| | + | {{See also|NATO wars}} |
| | [[File:MIC Ukraine.PNG|right|300px|thumb|]] | | [[File:MIC Ukraine.PNG|right|300px|thumb|]] |
| − | {{See also|NATO wars}}
| + | ''[[The Intercept]]''‘s Jon Schwarz examined returns on stocks of the five biggest defense contractors: [[Boeing]], [[Raytheon]], [[Lockheed Martin]], [[Northrop Grumman]], and General Dynamics. Schwarz found that a $10,000 investment in stock evenly split across those five companies on the day in 2001 that then-President Georg W. Bush signed the authorization preceding the US invasion would be worth $97,295 this week, not adjusted for inflation, taxes, or fees. According to ''The Intercept:'' |
| − | ''The Intercept''‘s Jon Schwarz examined returns on stocks of the five biggest defense contractors: [[Boeing]], [[Raytheon]], [[Lockheed Martin]], [[Northrop Grumman]], and General Dynamics. Schwarz found that a $10,000 investment in stock evenly split across those five companies on the day in 2001 that then-President Georg W. Bush signed the authorization preceding the US invasion would be worth $97,295 this week, not adjusted for inflation, taxes, or fees. According to ''The Intercept:'' | |
| | {{quotebox-float|"This is a far greater return than was available in the overall [[stock market]] over the same period. $10,000 invested in an [[S&P 500]] index fund on September 18, 2001, would now be worth $61,613. That is, defense stocks outperformed the stock market overall by 58% during the Afghanistan War."<ref>https://theintercept.com/2021/08/16/afghanistan-war-defense-stocks/</ref>}} | | {{quotebox-float|"This is a far greater return than was available in the overall [[stock market]] over the same period. $10,000 invested in an [[S&P 500]] index fund on September 18, 2001, would now be worth $61,613. That is, defense stocks outperformed the stock market overall by 58% during the Afghanistan War."<ref>https://theintercept.com/2021/08/16/afghanistan-war-defense-stocks/</ref>}} |
| | + | {{clear}} |
| | | | |
| | ==See also== | | ==See also== |
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| | ==External link== | | ==External link== |
| | *[https://youtu.be/lfW6oaWP40U Economics Of Military Industrial Complexes in Russia and US.], Andrei Martynov, Nov. 4, 2022 | | *[https://youtu.be/lfW6oaWP40U Economics Of Military Industrial Complexes in Russia and US.], Andrei Martynov, Nov. 4, 2022 |
| | + | *[https://www.academia.edu/10939852/The_Military_Industrial_Complex_result_of_Capitalism_over_reliance_or_projection_of_power?email_work_card=view-paper The Military-Industrial Complex: result of Capitalism over-reliance or projection of power?], Zain Safwan, January 2015 |
| | | | |
| | [[Category:Industry]] | | [[Category:Industry]] |
| | [[Category:Military]] | | [[Category:Military]] |
| | + | [[Category:USAID]] |
| | [[Category:Government]] | | [[Category:Government]] |
| | [[Category:Economic History]] | | [[Category:Economic History]] |