The military-industrial complex is ruining the economy

Naked Capitalism has a must-read, well-documented piece on how our various wars are both bankrupting us and doing little to stop terrorism.

Everyone knows that the too big to fails and their dishonest and footsy-playing regulators and politicians are largely responsible for trashing the economy.

But the military-industrial complex shares much of the blame.

In many ways, the US has been a war economy for decades. But when we have 100,000 troops in Afghanistan to track down 100 al Qaeda members, well, it would be absurd if it wasn’t so tragic.