Eisenhower on The US Military-Industrial Complex

Exactly 50 years ago, on January 17 1961, Eisenhower delivered one of the most celebrated farewell speeches in American history, whose fame has only increased over the decades, eclipsed not even by JFK's inspirational inaugural that followed three days later. Kennedy might have projected the dynamism of youth. But the old soldier won the prize for prescience.
In his speech, Eisenhower warned about the growth of a 'military-industrial complex,' and the risks it could pose. "The potential for the disastrous rise of misplaced power," Ike said, "exists and will persist." His anxieties back then were prompted by the ten-fold expansion of the US military after two world wars, and by the development of a "permanent arms industry of vast proportions". Today, the proportions of both the military and the industry that serves it are vaster than ever.

          More Here