Articles on Military industrial complex

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Two women from the Iranian Red Crescent Society stand as a thick plume of smoke from a U.S.-Israeli strike on an oil storage facility rises into the sky in Tehran on March 8, 2026. (AP Photo/Vahid Salemi)

The economics of war extend far beyond energy prices and stock markets

Studying the economics of war reveals how some democracies start wars and commit human rights abuses while corporations profit.
U.S. President Donald Trump, seen here in a February 2018 photo, has a beef with trade deficits. Yet running trade deficits with Asian countries has long spurred American spending and consumption. (AP Photo/Evan Vucci)

Donald Trump’s misguided aversion to trade deficits

Donald Trump’s obsession with trade deficits, and his subsequent wielding of the tariff big guns, is the absolute wrong approach for the U.S. economy.

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