Tom Woods discusses his Seymour Melman’s research on the socio-economic harms of the military industrial complex’s partnership with the U.S. government.
The journal article discussed is “The Neglected Costs of the Warfare State” [.pdf].
26 June 09 | AntiWar Radio
Thomas E. Woods, author of Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse, discusses Seymour Melman’s research into the societal repercussions of a military economy, the diversion of research scientists from the private sector to Cold War military programs, the transformation of the U.S. university system into a DOD jobs program and the corruption of defense contractors into companies that can’t compete in a free market. (22:11):
Thomas E. Woods, Jr., is The New York Times bestselling author of nine books. A senior fellow at the Ludwig von Mises Institute, Woods holds a bachelor’s degree in history from Harvard and his master’s, M.Phil., and Ph.D. from Columbia University.