Introduction The expression military-industrial complex (MIC) describes the relationship between a country’s military and the defence industry that supplies it, seen together as a vested interest which influences public policy. A driving factor behind the relationship between the military and the defence-minded corporations is that both sides benefit – one side from obtaining war weapons,… Read More
Introduction The arms industry, also known as the defence industry, the military industry, or the arms trade, is a global industry which manufactures and sells weapons and military technology. Public sector and private sector firms conduct research and development, engineering, production, and servicing of military material, equipment, and facilities. Customers are the armed forces of… Read More
Introduction Military Keynesianism is an economic policy based on the position that government should raise military spending to boost economic growth. It is a fiscal stimulus policy as advocated by John Maynard Keynes. But where Keynes advocated increasing public spending on socially useful items (infrastructure in particular), additional public spending is allocated to the arms… Read More
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