Is the military industrial complex 100% evil? Oh, heavens no, however it does need to be kept in check. Obviously, during war times there will be more military spending by any given nation, a time when the country’s treasury is more focused on winning a way, or survival of the civilization. This of course means that those companies that make weaponry stand to make a hefty sum on making those weapons of war. This concerns many and rightfully so.
You see, if those companies lobby politicians to promote certain policies that could lead to a war or cause a lengthened conflict, then they stand to make billions in revenue. The concept of Military Industrial Complex is merely a take-off of Adam Smith’s warnings. Unfortunately, when companies make money through the slaughtering of one’s own race, yes that would be the darkest side of the reality.
Still, on the positive side, a nation that spends healthily on military defense measures is far less likely to be attacked, as their opponents realize the reciprocal will be swift and devastating.
An enemy knowing of the economic strength and tight relationship of the industrial military complex with the leadership of the nation, would be wise to think twice about provoking them to serve their political will.
So, those are some pros and cons to the Industrial Military Complex, but what about other such cozy relationships between industry and government? Well, today, we see the Medical Industrial Complex, and oh my gosh it looks like very few in Big Pharma are taking the 50-60% hit on their stock like all the other industries, so what do we do?
Well, it appears the politicians are allotting them these companies, that industry, and the broken healthcare system even more, a 0 Billion down payment on a 10-year plan via President Obama’s? So, what’s the difference between the Industrial Medical and Industrial Military Complexes? From Adam Smith’s famous treaties not much in principle or philosophy.
In fact, I just bet Adam Smith would, if he had to choose, side with the Military Industrial Complex over the other, because he knew that government’s first and foremost responsibility was to protect the American People from enemies foreign and domestic, while the purpose of the Medical Industrial Complex is just to make maximum profits at the expense of the people and our government’s treasury.