Foreign Policy, Ep. 6: How The Free Market System Can End The Military Industrial Complex
The Pentagon fails to keep track of its financial resources and expenditures in any meaningful way.
For military contractor’s, profit and loss are determined not by the market, but by a firm’s ability to navigate politics. This leads to wasteful spending and delayed results, such as a F-35 Jet that’s still inferior to the F-16 which was invented in 1970. Professor Chris Coyne explains more in this video.