The United Sates of America is often considered one of the most, if not the most powerful country in the world, with the strongest military, and government. The American government is structured to ensure an effective democratic and economic system, rendering it complex. Most people, Americans especially, know that the country consists of an executive branch, which the President of the United States is a member of.
Top 5 Problems in Bureaucracy
Bureaucracy usually refers to a system in which selected officials take the decisions instead of the elected professionals and representatives. We find divided opinions on the advantages and disadvantage of the bureaucratic system. But most of the general public is clearly against it because of its numerous problems and shortcomings.
For those of you not familiar with Inverted Totalitarianism, it is a term that was first introduced by Sheldon Wolin (a political philosopher so to speak). It is derived from the power elite theory of C. Wright Mills.
This phrase of "the power elite" was mainly conjured up in an effort to describe the changes that are going on in the United States government. It is a phrase often used by social thinker Chris Hedges to explain the so called corporate state.
The political science term “Iron Triangle” was coined to define a special understanding between a government, bureaucratic government agencies and special interest groups or organizations. This mutually supportive relationship is also known as a “Subgovernment” or "power elite." Such systems have been present in different countries over the time but Iron Triangles are mostly prevalent in the United States.
As the country fought through the recession in the 2000s, a bright light was shined on a group which Americans have named the 1 percent. A large amount of controversy has been created revolving around this group of financial leaders, and the majority of Americans are fighting back against them. Are these “99 percent” fighting the right fight? And, do they even know who make up the top 1 percent?
“The Power Elite” is a term both coined and defined by American sociologist C. Wright Mills. Mills first proposed the term in his 1956 book of the same name. It's one of the most important theories to use in order to understand American society today and is much more meaningful than simply talking about "the one percent".
Is the military industrial complex a conspiracy? On one hand it is easy to think it is. There have been a lot of strange events in American history that have not been explained adequately and secrets still are being kept from the public by the government. Probably the best known work that considered the idea of a conspiracy involving the giant defense contractors is Oliver Stone's 1991 movie JFK about the Kennedy assassination.
Dwight Eisenhower delivered one of the most famous farewell addresses a President ever gave just as he left office in 1960. In it he said "we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex."
Scholars at the National Archives just dug up some new information about the speech as you can see in this video.
Of course the most famous quote about the military-industrial complex comes from President Dwight Eisenhower's farewell address, but there are many more famous quotes about it. James Madison wrote that "no nation can maintain its freedom in the midst of continuous warfare." Of course he said this before the modern military-industrial complex came into being, but it's a famous saying that teaches us a lot.
The military industrial complex has become our national albatross. The Soviet Union went bankrupt in part due to out of control defense spending and the United States is now headed that way too. The United States now accounts for over 46% of total worlds arms spending and spends almost five times more on defense than China, who is second on global weapons spending. The Cold War is over and the United States faces no threats from enemy nations to justify this amount of spending.
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Mike Swanson is the editor of this newsletter and is the author of the best selling book Strategic Stock Trading.
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There are several kinds of stock trading strategies, one of which is buy and hold. This refers to an investment approach in which the investor builds up a portfolio of stocks, bonds and mutual funds which are to be held for a long period of time, regardless of market fluctuations or loss of asset value. The underlying premise for this strategy to work is that the stock selections and portfolio composition are correct. However, if they are not, it could end up disastrous for the investor. In the last ten years, investors following this strategy lost about 40% to 60% of their asset values.
For those who are interested to research stocks on the Internet, these are several useful websites that provide basic financial information about the stock markets and individual stocks. For example, Yahoo Finance (http://finance.yahoo.com/marketupdate) not only provides a market overview, but also analyses of individual stocks, a calendar of upcoming economic data releases and financial announcements, and other market statistics.
There are currently two main strategies for researching and forecasting the future growth trends of stocks - fundamental analysis and technical analysis. They are used to know how to buy stocks.
Many people tend to dabble in stocks without first deciding on a strategy for doing so. While some see the buying and selling of stocks as no different from going to the casino and leaving everything to chance, others easily succumb to their emotions and are influenced by the herd mentality. The latter phenomenon can become a financially costly exercise when you end up buying overvalued stocks or engage in panic selling.
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