answersLogoWhite

0

President Eisenhower warned of a corrupt group of power hungry people taking the future and freedoms of the people away by use of government contracts, the military industrial complex or by squandering the countries future to live for today. He warned of the need to pay close attention to balance of public and private needs and goals.

We see this from his speech ( The italicized words are taken directly from his speech of 1961)

"In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the militaryindustrial complex. The potential for the disastrous rise of misplaced power exists and will persist."

"... a government contract becomes virtually a substitute for intellectual curiosity... ...The prospect of domination of the nation's scholars by Federal employment, project allocations, and the power of money is ever present."

"We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow."

In closing he expressed his belief in faith in divine providence.

"You and I -- my fellow citizens -- need to be strong in our faith that all nations, under God, will reach the goal of peace with justice. May we be ever unswerving in devotion to principle, confident but humble with power, diligent in pursuit of the Nation's great goals."

Capitalism and our economy.

User Avatar

Wiki User

14y ago

What else can I help you with?