Promoting the Apocalypse

January 6, 2015 by element115
If you read a major newspaper on a regular basis you will no doubt have seen the full page ads placed by defense contractors. The ads generally are anodyne, featuring ubiquitous flags and eagles while praising America’s soldiers and war fighting capabilities, sometimes to include a description of a new weapon or weapons system. That a company whose very existence depends on government contracts would feel sufficiently emboldened to turn around and spend substantial sums that themselves derive from the American taxpayer to promote its wares in an attempt to obtain still more of a hopefully increasing defense pie smacks of insensitivity to say the least. I for one find the ads highly offensive, an insult to the taxpayer.

Some might argue that that is how capitalism works and there is no better system to replace it but such an assertion ignores the fact that competition among defense contractors, though fierce at times, is largely a fiction as all the major companies are on the receiving end of huge multi-year government contracts with built in cost overruns and guaranteed production lines. They also operate a revolving door whereby former senior officers and Pentagon officials like Rumsfeld and Cheney move out to the private sector, get rich, and then return to government in policy making positions. It is more like the worst form of crony capitalism than Adam Smith. Most large companies have decentralized their production facilities so that they have a workforce presence in as many states and congressional districts as possible, making it unlikely that they will ever be lacking contracts.
Posted in | 0 Comments »

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Pages

Powered by Blogger.

Blog Archive