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Corporate rent seeking would seem to be a more prevalent example, even in the context of government. For example, most of the US defense budget goes directly to
by GartzenDeHaes 3y ago
Corporate rent seeking would seem to be a more prevalent example, even in the context of government. For example, most of the US defense budget goes directly to the military industrial media complex instead of the uniformed military.
- lotsofpulp 3y ago>For example, most of the US defense budget goes directly to the military industrial media complex instead of the uniformed military. Source? I would be surprised if the highest category of military spend was not healthcare (including VA) plus salaries (including DB pensions) plus benefits, which is all payroll expense to employees.
- Footkerchief 3y agoLooks like you're right -- $551 out of $842 billion, 65%, is spent on compensation. https://www.cbo.gov/publication/59475 https://www.cbo.gov/publication/59475 https://www.cbo.gov/publication/59511 https://www.cbo.gov/publication/59511
- lotsofpulp 3y agoThanks for looking that up to confirm. My hunch was based on Medicare + Medicaid + Social Security eclipsing everything else in the US federal budget.
- empath-nirvana 3y ago> most of the US defense budget goes directly to the military industrial media complex Even if it were true (which it isn't), most of the money that goes to contractors also goes to salaries.
- SV_BubbleTime 3y agoSide topic… but I sure love reading about the MIC from the same people that complained about it for decades but now are jumping up and down to “Send Help To Ukraine” which is really just feed the MIC as a stimulus package.
- ric2b 3y agoI think it's more of a "since we've been paying so much for the MIC for decades, now is the time to actually put that money to use"
- SV_BubbleTime 3y agoWhat a convenient way for what has clearly been non-stop propaganda and bending your ethics to come together.