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House Approves Huge Military Budget, More War in Afghanistan — Glenn Greenwald

Summary:
Military spending and endless war are about the only matters on which there is bipartisan agreement in US politics, other than favoring capital as foundational to policy because "growth," and "a rising tide lifts all boats." Think this will change in the next election if the Democrats win? Think long and hard on that one. In the first place, the military-industrial complex is entrenched in the economies of all congressional districts, incentivizing representatives of the people not to rock the boat. This is not accidental. It even has a name — "pork." Secondly, the campaign donations needed for political campaigns come from the ownership class, because that is where the money is. Noting is going to change without meaningful campaign finance reform, ending lobbying, and locking

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Military spending and endless war are about the only matters on which there is bipartisan agreement in US politics, other than favoring capital as foundational to policy because "growth," and "a rising tide lifts all boats."

Think this will change in the next election if the Democrats win? Think long and hard on that one.

In the first place, the military-industrial complex is entrenched in the economies of all congressional districts, incentivizing representatives of the people not to rock the boat. This is not accidental. It even has a name — "pork."

Secondly, the campaign donations needed for political campaigns come from the ownership class, because that is where the money is. Noting is going to change without meaningful campaign finance reform, ending lobbying, and locking the revolving door between government and the private sector.

Nathaniel Lee
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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