Tue 3 Feb 2009
How Taxpayers Finance Fantasy Wars
Posted by k under Democracy , Finance , Globalization/EmpireNo Comments
The Looming Crisis at the Pentagon
By Chalmers Johnson Tomdispatch 2/02/09
Like much of the rest of the world, Americans know that the U.S. automotive industry is in the grips of what may be a fatal decline. Unless it receives emergency financing and undergoes significant reform, it is undoubtedly headed for the graveyard in which many American industries are already buried, including those that made televisions and other consumer electronics, many types of scientific and medical equipment, machine tools, textiles, and much earth-moving equipment — and that’s to name only the most obvious candidates. (more…)