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 a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. 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.