Tuesday, July 19, 2011

The Arsenal of Democracy

In 1981, Tom Gervasi published, 'The Arsenal of Democracy II'. Excerpts (the good parts) can be read here:
Arsenal of Democracy II
Everything that I've been writing about what has happened to the US has been in place for a long time.  Excessive, monopolistic oil profits and price setting in the oil industry year after year. Government guaranteed contracts with guaranteed price overruns. Corruption, conflicts of interest, bribery, double dipping. The "revolving door" between government, military personnel and defense contractors. False estimates of the USSR's military spending to justify US defense spending. Creating public fear to push through policies. Creating conflict in the middle east and then selling arms to both sides in the name of, you guessed it, profit. Saddling countries with debt as a coercion technique. Using inflation as a transfer of wealth from the poor to the rich. Yes, the oil companies are well insulated from inflation.

Not to mention the greatest fraud perpetrated on the American people.

And all this was written 30 years ago!