The Pentagon Strangles Our Economy: Why the U.S. Has Gone Broke

The military adventurers in the Bush administration have much in common with the corporate leaders of the defunct energy company Enron. Both groups thought that they were the "smartest guys in the room" -- the title of Alex Gibney's prize-winning film on what went wrong at Enron. The neoconservatives in the White House and the Pentagon outsmarted themselves. They failed even to address the problem of how to finance their schemes of imperialist wars and ... Full Story »

Posted by Michael Hudson
Tags Help
Subjects: U.S., Politics, Business
Member Tags: military establishment, military Keynesianism, capitalist, militarism, Fiscal disaster, 2008 defense budget, Department of Veterans Affairs, Seymour Melman, Pentagon Capitalism: The Political Economy of War
Stats Help
Anonymous sourcesHelp: 0
Number viewpointsHelp: 1
Opinions as factsHelp: 0
Number stakeholdersHelp: 10+
Stakeholders quotedHelp: 4
Editorial Help
Posted by: Posted by Michael Hudson - May 23, 2008 - 4:16 PM PDT
Edit Lock: This story can be edited

Reviews

Show All | Notes | Comments | Quotes | Links
Ardent Hollingsworth
4.9
by Ardent Hollingsworth - Oct. 1, 2008

Dazzling! Keep in mind that Rumsfeld reported in 2003 that the Pentagon could not account for 2.3 trillion dollars. Journalists need to keep the pressure on the huge waste in the Pentagon that it is no friend of the economy. It's a cash cow for corrupt American corporations at the expense of almost every American.

See Full Review » (7 answers)
Roland F. Hirsch
1.0
by Roland F. Hirsch - Oct. 1, 2008

This opinion piece has little journalistic merit. Not only is the author ignorant of history (what would he think of FDR!), but also of the facts. The US has not lost jobs to other countries; we have one of the lowest unemployment rates in the world and have gained jobs consistently for some 25 years. We are not "the world's number one polluter". But then the author perhaps has never heard of China. One of the sloppiest far-right pieces we've seen in a while.

See Full Review » (13 answers)
Michael Hudson
4.7
by Michael Hudson - Oct. 1, 2008
See Full Review » (5 answers)

Comments on this story Help (BETA)

NT Rating | My Rating

Ratings

3.7

Good
from 5 reviews (50% confidence)
Quality
3.8
Facts
1.0
Fairness
3.3
Information
4.0
Sourcing
3.0
Style
2.5
Accuracy
2.5
Balance
1.0
Context
3.8
Popularity
3.5
Recommendation
3.8
Credibility
3.0
# Reviews
2.5
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help