tag:blogger.com,1999:blog-21894908.post3492590323783382023..comments2023-11-01T02:19:14.796-05:00Comments on Elements Of Power: An Economics Riddle:SMSgt Machttp://www.blogger.com/profile/08126690689798203866noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-21894908.post-85187523374083472222014-10-06T09:25:21.489-05:002014-10-06T09:25:21.489-05:00This is interesting. Thanks for sharing!This is interesting. Thanks for sharing!Alissa Josephine Hope https://www.blogger.com/profile/02237780328995863558noreply@blogger.comtag:blogger.com,1999:blog-21894908.post-64028499908459345892014-10-02T19:35:37.496-05:002014-10-02T19:35:37.496-05:00Good comment.
Yeah, that line caught my attention ...Good comment.<br />Yeah, that line caught my attention the second time I looked at the mythical MIC. It sounds oh so compelling...until you think about it, Eisenhower was comparing the spending for an ambiguously broad 'national security' cost against the mere NET income of corporations in '61ish? So what? one is a category of economic activity, one is a subset of a line item within an economic category...Grandstanding to make his point more vivid. I'll be doing a little background on that line in the upcoming post.SMSgt Machttps://www.blogger.com/profile/08126690689798203866noreply@blogger.comtag:blogger.com,1999:blog-21894908.post-33882191633934337792014-10-02T12:08:03.747-05:002014-10-02T12:08:03.747-05:00I was just looking into President Eisenhower's...I was just looking into President Eisenhower's speech a few days ago were he says.<br /><br />"We annually spend on military security more than the net income of all United States corporations."<br /><br />Now Exxon is 82% of the Pentagons budget and Walmart is 79%.<br /><br />Anonymousnoreply@blogger.com