Defense Industry Monopolies May Pose Biggest Danger
Updated: Jan 28, 2022
The Justice Department’s anti-trust suit against Google was the talk of the town when filed last October, particularly since eleven state Attorneys General joined as plaintiffs.
Yet as bad as they seem in Big Tech, I believe defense industry monopolies may be even more dangerous to the country.
That’s because our military acquisitions process works best when various companies compete to research, design and produce the world’s best weapons systems for our warfighters. When just one company can run the table on the others, bad things are bound to happen.
READ MORE in Real Clear Markets.