“Without an industrial economy, the modern army, as in America, could not exist; it is an army of machines. Professional economists usually consider military institutions as parasitic upon the means of production. Now, however, such institutions have come to shape much of the economic life of the United States.”

The Power Elite (1956)

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C. Wright Mills55

American sociologist 1916–1962

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“Probably one of the most completely misunderstood of all modern institutions is militarism. While military organizations take their origin in man's lust for war, militarism is something more than a mere war machine. By militarism I mean that institution in which the nation maintains large national armies and navies in time of peace, usually raised on the principle of conscription.”

John Thomas Flynn (1882–1964) American journalist

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“The centralized state power that is peculiar to bourgeois society came into being in the period of the fall of absolutism. Two institutions are most characteristic of this state machine: bureaucracy and a standing army.”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

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“In the United States… a handful of corporations centralize decisions and responsibilities that are relevant for military and political as well as economic developments of global significance. For nowadays the military and the political cannot be separated from economic considerations of power. We now live not in an economic order or a political order, but in a political economy that is closely linked with military institutions and decisions. This is obvious in the repeated "oil crisis" in the Middle East, or in the relevance of Southeast Asia and African resources for the Western powers…”

C. Wright Mills (1916–1962) American sociologist

Character & Social Structure (1954).
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“The market remained the generator of demand for goods and services, but modern business enterprise took over the functions of coordinating flows of goods and services through existing processes of production and distribution, and of allocating funds and personnel for future production and distribution. As modern business enterprise acquired functions hitherto carried out by the market, it became the most powerful institution in the American economy and its managers the most influential group of economic decision makers. The rise of modern business enterprise in the United States, therefore, brought with it managerial capitalism.”

Alfred D. Chandler, Jr. (1918–2007) American historian

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“The economy as an instituted process of interaction serving the satisfaction of material wants forms a vital part of every human community. Without an economy in this sense, no society could exist for any length of time.”

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“No single financial institution should have holdings so extensive that its failure could send the world economy into another financial crisis … If an institution is too big to fail, it is too big to exist.”

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“When the regime wanted additional industrial capacity or resources for the military economy which the private sector could not provide, it was created (or conquered) by the state… during the Third Reich state ownership expanded into the productive sectors, based on the strategic industries, aviation, aluminum, synthetic oil and rubber, chemicals, iron and steel, and army equipment. Government finances for state-owned enterprises rose from RM 4,000m in 1933 to RM 16,000m 10 years later; the capital assets of state-owned industry doubled during the same period; the number of state-owned firms topped 500.”

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C. Wright Mills55

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