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This is a pretty extreme position. That some inefficiency is necessary for national security reasons is about as close to settled as anything gets in economics/
by corrral 4y ago
This is a pretty extreme position. That some inefficiency is necessary for national security reasons is about as close to settled as anything gets in economics/political-economy, though there's plenty of room to disagree over how much.
- cjbgkagh 4y agoInefficiencies beget inefficiencies. The money gained by those who benefit from the inefficiencies will be reinvested into developing more inefficiencies. Maintaining an efficient system requires constant vigilance. The US is a precarious hegemon, for all of the inefficiency it has invested into the MIC it doesn’t seemed to have gained very much.