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AFRICANGLOBE - In January 1961, US President Dwight D Eisenhower used his farewell address to warn the nation of what he viewed as one of its greatest threats: the military-industrial complex composed of military contractors and lobbyists perpetuating war. Eisenhower warned that "an immense military establishment and a large arms industry" had emerged as a hidden force in US politics and that Americans "must not fail to comprehend its grave implications".
AFRICANGLOBE - The escalation of military tensions between Washington and Beijing in the East China Sea is superficially over China’s unilateral declaration of an air defense zone. But the real reason for Washington’s ire is the recent Chinese announcement that it is planning to reduce its holdings of the US dollar.