Prof. Richard Wolff on the power of the US, the military-industrial complex and the ballooning military expenditures: President Eisenhower warned the American people that this is a danger, that there is a convergence of the military producers with the military apparatus. The producers wanted the government contract money, so they bought the reps. They went into Congress, gave the contracts to businesses. They gave donations to politicians. It has become a very pleasant whole, repeating itself. And I just want to show you how strong they are. We are currently dealing with a budget proposal for the coming year, which has just begun here, the fiscal year, which will move US defense spending from the current level of $900 billion to $1.5 trillion. That's an increase of two-thirds in one year. Watch the full interview.

Prof. Richard Wolff on the power of the US, the military-industrial complex and the ballooning military expenditures: President Eisenhower warned the American people that this is a danger, that there is a convergence of the military producers with the military apparatus. The producers wanted the government contract money, so they bought the reps. They went into Congress, gave the contracts to businesses. They gave donations to politicians. It has become a very pleasant whole, repeating itself. And I just want to show you how strong they are. We are currently dealing with a budget proposal for the coming year, which has just begun here, the fiscal year, which will move US defense spending from the current level of $900 billion to $1.5 trillion. That's an increase of two-thirds in one year. Watch the full interview.