There’s some great historical context here. This was the previous election that he mentions in passing. The direction the country would go next was very much up for debate and led to a very close election (and the subsequent second amendment rebuttal).
Wonderful under-quoted part of this (@5:00), “Crises there will continue to be. In meeting them, whether foreign or domestic, great of small, there is a recurring temptation to feel some spectacular and costly action could become the miraculous solution to all current difficulties.” For some reason, “Shock and Awe” springs immediately to mind.
His call to balance that followed was nice as well.
But the tides have changed since his warning. He notes how military spending was roughly on par with corporate earnings in 1961. Fifty years later, the balance of power has shifted as much as how we engage our enemies.
American businesses earned profits at an annual rate of $1.659 trillion in the third quarter, according to a Commerce Department report released Tuesday. That is the highest figure recorded since the government began keeping track over 60 years ago, at least in nominal or non-inflation-adjusted terms.
Military spending was roughly $0.750 trillion in 2010. So while I love Eisenhower’s take on it, and it’s been around for a while, the balance of power really has shifted away as mergers, consolidation, and attrition have brought this whole military industrial complex thing to a whole new level. Which the acquisition of NBC some time ago, there was a mouthpiece, and with Universal, always something to say (and charge for). Now with Comcast thrown into the mix, you do *really have* a vertically integrated global behemoth that can start the wars, cover it up, hide the news, broadcast something else, and keep pumping out half-hour crap that seems to be the only thing the only cable company left in town carries.
The scary part, at least from the recent developments file, is how they’ve been using an idiot led mob-horde of political opinion to make net neutrality, the obvious policy-level antidote to the entire scenario I described above, something akin to death panels/commie/socialism/etc. etc. the same bag of connotation and guilt by association used by all the media slime balls to slime things.
So where are we now? GE owner of NBC Universal has been approved to buy Comcast and later that week Olbermann gets the quick axe. I wouldn’t doubt he pulled it down faster, he’s just that kind of guy, but while his hyperbole wasn’t really my cup of tea, I didn’t doubt his sincerity, and found folks like him to be something of a bulwark against *actual* policy threats, and not the imagined ones. Kind of like Donahue used to be.
You know about Phil Donahue, right? He was a lefty political commentator on MSNBC back before the Iraq War. He started asking lots of questions. Having lots of guests. As the war rhetoric heated up, so did his ratings. Three weeks before the bombs started dropping in Baghdad, GE dropped one on Donahue.
It simple doesn’t do to have one division of your company making and selling bombs, and the another of your division riling up domestic opposition to the use of them. It’s not really a conspiracy folks. There’s not man behind the curtain pulling all the strings. There’s just a lot of people doing their jobs, trying to make it through the week/month/year.
But how it works, ultimately? And how the *system* as a whole works to protect itself, and it’s profits? That bothers me, that scares me. That is something I try to fight against, in whatever way possible. Unfortunately such a system is not an easy thing to combat, as I agree that each discrete decision such a system makes is rational, or very close to it.
Net neutrality is one of those things that would acts as a check and balance against such concentrated market power. The Net can level the playing field, but only if the Net is level.
So there’s one less loudmouth on the air, and one more corporate behemoth encircling the globe (NEW AND IMPROVED: With a completely unfettered ability to distribute political money [and free airtime/bandwidth to the good kids]).