Here, Eisenhower was talking about the military industrial complex in 1961. Today, one could make similar statements about other powerful lobby groups like the finance industry (or the healthcare and oil industries).
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.