Thursday, March 28, 2024

Dr. King Speaks: Economic Consequences of the Capitalist/War System

Some Remembrances of Dr. King Who Was Killed 56 Years Ago

Harry Targ


    Veterans for Peace

Dr. Martin Luther King, in his famous speech at Riverside Church in New York City, April 4, 1967, spoke of the devastating consequences of the Vietnam War on the Vietnamese people and the poor and oppressed at home. To him, the carnage of war not only destroyed the targets of war (their economies, their land, their cultures) but the costs also misallocated the resources of the nation-states which initiated wars.

Every health and welfare provision of the government, local, state, and federal, was limited by resources allocated for the war system. Health care, education, transportation, jobs, wages, campaigns to address enduring problems of racism, sexism, homophobia, environmental revitalization, and non-war related scientific and technological research were reduced almost in direct proportion to rising military expenditures.

Over half the US federal budget goes to military spending past and current. And the irony is that the money that is extracted from the vast majority of the population of the United States goes to military budgets that enhance the profits of the less than one percent of the population who profit from the war system as it exists 

“I speak for the poor of America who are paying the double price of smashed hopes at home, and death and corruption in Vietnam.”

See a description of the 2024 military budget- https://www.peaceaction.org/what-we-do/campaigns/pentagon-spending/

Since 1967 when he made that speech, Dr. King would surely have added a long list of other wars to the Vietnam case: wars in Central America and South America, the Middle East, Asia, and Africa. and the more than 1,000 bases and outposts where US troops or hired contractors are fighting wars on behalf of capitalist expansion. Meanwhile the gaps between rich and poor people on a worldwide basis have increased dramatically with some twenty percent of the world’s population living below World Bank defined poverty lines.

 

Dr. King marches against the Vietnam War in Chicago on March 27, 1967

https://www.jofreeman.com/photos/KingAtChicago.html#:~:text=On%20March%2025%201967%2C%20civil,anti%2Dwar%20march%20that%20Dr.


The Bookshelf

CHALLENGING LATE CAPITALISM by Harry R. Targ

Read Challenging Late Capitalism by Harry R. Targ.