Came across this today from 1962; cp. OWS
Excerpts from the Port Huron Statement of Students for a Democratic Society, 1962
In short, the theory of government "countervailing" business neglects the extent to which government influence is marginal to the basic production decisions, the basic decision-making environment of society, the basic structure or distribution and allocation which is still determined by major corporations with power and wealth concentrated among the few.
The Military-Industrial Complex. The most spectacular and important creation of the authoritarian and oligopolistic structure of economic decision-making in America is the institution called "the militaryindustrial complex" by former President Eisenhower, the powerful congruence of interest and structure among military and business elites which affects so much of our development and destiny. Not only is ours the first generation to live with the possibility of world-wide cataclysm -- it is the first to experience the actual social preparation for cataclysm, the general militarization of American society.
The intermingling of Big Military and Big Industry is evidenced in the 1,400 former officers working for the 100 corporations who received nearly all the $21 billion spent in procurement by the Defense Department in 1961. The overlap is most poignantly clear in the case of General Dynamics, the company which received the best 1961 contracts, employed the most retired officers (187), and is directed by a former Secretary of the Army. The core of General Dynamics corporate philosophy is the conviction that national defense is a more or less permanent business." Little has changed since Wilson's proud declaration of the Permanent War Economy back in the 1944 days when the top 200 corporations possessed 80 percent of all active prime war-supply contracts.