War Corporatism
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War Corporatism is the belief that a country engaged in warfare for a considerable period creates a corporate reliance upon war. (Also referred to as the Military-industrial complex.) The arms and related industries therefore end up attempting to control the outbreak of war in order to increase profits for their shareholders, large investors, and top corporate executives. War corporatism implies that companies who reap the benefits of war will constantly fight to keep the economy on a war footing in order to continue to profit and balance the economics of society as a whole. People critical of the US arms industry claim that the United States has become a prime example of war corporatism as it has been involved in near-constant warfare in some part of the globe since 1950, and point to the close ties of the political and industrial elites in the US. The links between Vice-President Dick Cheney and Halliburton are often used as an example.
