Attention Economy


Sunday, March 26, 2023

Military Spending Resurgence

An Anxious Asia Arms for a War It Hopes to Prevent
https://www.nytimes.com/2023/03/25/world/asia/asia-china-military-war.html
 
From Rockets to Ball Bearings, Pentagon Struggles to Feed War Machine
https://www.nytimes.com/2023/03/24/us/politics/military-weapons-ukraine-war.html
 
As traditional weapons suppliers like the U.S. face wartime production shortages, South Korea has stepped in to fill the gap, while trying not to provoke Moscow.
https://www.nytimes.com/2023/03/05/world/asia/ukraine-south-korea-arms.html 



Ike Eisenhower (1961):
https://www.archives.gov/milestone-documents/president-dwight-d-eisenhowers-farewell-address
But now we can no longer risk emergency improvisation of national defense; we have been compelled to create a permanent armaments industry of vast proportions. . . . This conjunction of an immense military establishment and a large arms industry is new in the American experience. . . .Yet we must not fail to comprehend its grave implications. . . . 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.