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I’m reading a book on Soviet vs US relations that was mentioning this exact thing, meaning defense contractors/companies over-charging the US Government. The bo

I’m reading a book on Soviet vs US relations that was mentioning this exact thing, meaning defense contractors/companies over-charging the US Government. The book was written at the end of the ‘80s and was presenting facts that had been happening just before that, meaning the early to mid-‘80s, so it looks like nothing much has changed since then. Maybe the powers that be should really think about nationalizing this type of companies, if you’re getting the great majority of the your revenues from the Government that looks like a better way to keep things under more direct control.

empath-nirvana 3y ago
As someone who worked in government contracting _everyone_ knows this game, and the people on the government side of the contract aren't stupid. This kind of fraud is on literally every cost-plus contract. There's a revolving door between government work and contract work, where government employees overseeing a contract will go to work for the contractor they were supposed to be overseeing for a large bonus and for doing very little work.