Dr. Ismael Hossein-zadeh teaches economics at Drake University, Des Moines, Iowa.In the first part of this study I will examine the economic implications and consequences of the recent external military adventures for U.S. global markets. After showing that such military adventures cannot be justified on the grounds of broader national economic interests, I will then examine the powerful special interests that are dangerously vested in
the business of war and are, therefore, responsible for the tendency to permanent war and militarism.(This paper was presented at the annual symposium of the Center for Global Trade and Development, Chapman University, CA, April 6-8, 2006.